U.S. Labor Market Dynamics Revisited
通过梳理可达成共识的数据事实、展示关键序列的商业周期特征并指出数据缺口,澄清美国劳动力市场动态的模糊图景,对研究商业周期和劳动力市场的学者有参考价值。
Abstract The picture of U.S. labor market dynamics is opaque. This paper aims at its clarification by (i) listing data facts that can be agreed upon; these indicate that there is considerable cyclicality and volatility of both accessions to and separations from employment and hence both are important for the understanding of the business cycle; (ii) presenting the business‐cycle facts of key series; (iii) pointing to specific gaps in the data picture, showing that the definite characterization of labor market dynamics depends upon the closing of these data gaps.