Job displacement, which is defined as an involuntary loss of job due to economic downturns or structural changes, hit millions of workers each year. According to OECD (2013) 2-7 percent of workers are displaced every year. For Sweden, OECD (2013) reports an average displacement rate of about 2...

When a new firm is established additional employees needs to be recruited if the firm is to expand its business beyond the founder of the company. This causes labor dynamics since these employees need to be recruited, either from already existing firms, from firms closing down their business or...