Temporary Layoffs, Firm Entry and Exit Dynamics, and Aggregate Fluctuations
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DOI: 10.1257/mac.20230217
Abstract: We build a model to study how the countercyclicality of temporary layoffs affects unemployment, firm entry and exit, and macroeconomic fluctuations. The model can quantitatively generate the rich cyclical dynamics of temporary layoffs, unemployment, and… read more here.
Keywords: layoffs firm; entry exit; temporary layoffs; firm entry ... See more keywords