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Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News

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NBER2014-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20473
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资源简介:
Concave hiring rules imply that firms respond more to bad shocks than to good shocks. They provide a unified explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate countercyclical movement in both aggregate conditional macro
提供机构:
美国国家经济研究局
创建时间:
2014-09-01
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