Cyclical versus Secular Movements in Employment Creation and Destruction / Randall W. Eberts, Edward Montgomery.

Format:

Book

Author/Creator:

Eberts, Randall W.

Contributor:

National Bureau of Economic Research.

Montgomery, Edward.

Series:

Working Paper Series (National Bureau of Economic Research) no. w5162.

NBER working paper series no. w5162

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1995.

Summary:

This paper offers an analysis of cyclical and secular patterns in job turnover using establishment-level data. We provide evidence from multiple data sets that show that the job turnover process is markedly different over time and across regions. Over time, we find that employment fluctuations are associated primarily with job destruction. Across regions, employment differences are associated more with job creation. Differences were found between the cyclical (within) and secular (across state) responses in job creation and destruction to output shocks. Movements in job creation and destruction were also found to be related to the types of human capital externalities or technological spillovers used to explain long-run differences in regional or national growth rates.

Notes:

Print version record

June 1995.