NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Business Volatility, Job Destruction, and Unemployment

Steven J. Davis, R. Jason Faberman, John Haltiwanger, Ron Jarmin, Javier Miranda

NBER Working Paper No. 14300
Issued in September 2008

---- Acknowledgements -----

We thank John Abowd, Hoyt Bleakley, Robert Hall and seminar participants at Northwestern University, the University of Chicago, the Stanford Institute for Theoretical Economics and the San Francisco Federal Reserve Bank Conference on Recent Trends in Economic Volatility for helpful comments on earlier drafts. Marios Michaelides provided excellent research assistance. This work is unofficial and has not undergone the review accorded to official Census Bureau publications. The views expressed are those of the authors and do not necessarily reflect the views of the U.S. Bureau of Labor Statistics, the U.S. Bureau of the Census, the Federal Reserve Bank of Philadelphia or their staff members. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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