Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News
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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
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美国国家经济研究局创建时间：
2014-09-01
