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| Author: | Davis, S. Haltiwanger, J. |
| Title: | On the driving forces behind cyclical movements in employment and job reallocation |
| Journal: | American Economic Review
1999 : DEC, VOL. 89:5, p. 1234-1258 |
| Index terms: | ECONOMICS EMPLOYMENT ALLOCATION |
| Language: | eng |
| Abstract: | Theory restricts short-run job creation and destruction responses and cumulative employment and job reallocation responses to allocative and aggregate shocks. The authors formulate these restrictions and implement them for postwar data on U.S. manufacturing. Allocative shocks are the main driving force behind cyclical movements in job reallocation, but their contribution to employment fluctuations varies greatly across alternative identification assumptions. |
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