Description - Job Creation and Destruction by Steven J. Davis
The culmination of an ongoing research programme at the Center For Econmonic Studies, this text focuses on the US manufacturing sector from 1972 to 1988 and develops a statistical portrait of the microeconomic adjustments to the many economic events that affect businesses and workers. The book uses a plant-level data source, the Longitudinal Research Data constructed by the Census Bureau. The picture that emerges is one of large, persistent and highly concentrated gross job flows, with job destruction dominating the cyclical features of net job flows. The authors describe in detail those characteristics that destroy and create jobs over time (including industry of origin, wage payments, international trade exposure, factor intensity, size, age and productivity performance), while also providing a broader measure of the process that will be directly relevant to macroeconomists and policymakers.
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