We estimate changes in the volatility of firm-level sales, earnings and employment growth of US firms. Our method … differs from existing measures for firm-level sales and employment volatility in that it not only captures longer-run changes … in volatility, but also measures cyclical changes in firm volatility. We detect substantial cyclical variation in firm …

We document how firm-specific volatility in sales, earnings and employment growth evolved year by year in Japan. Our … downturn of fiscal years 1998-2002 coincided with a substantial increase in turnover in market, profit and employment shares … volatility measure also indicates the evolution of firm turnover. We find that patterns in firm-specific volatility have changed …

We document how firm-specific volatility in sales, earnings and employment growth evolved year by year in Japan. Our … downturn of fiscal years 1998-2002 coincided with a substantial increase in turnover in market, profit and employment shares … volatility measure also indicates the evolution of firm turnover. We find that patterns in firm-specific volatility have changed …