TY  - JOUR
AU  - Eberts,Randall W.
AU  - Montgomery,Edward
TI  - Cyclical versus Secular Movements in Employment Creation and Destruction
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5162
PY  - 1995
Y2  - June 1995
UR  - http://www.nber.org/papers/w5162
L1  - http://www.nber.org/papers/w5162.pdf
N1  - Author contact info:
Edward B. Montgomery
Dean, Georgetown Public Policy Institute
Georgetown University
3520 Prospect Street NW, 4th Floor
Washington DC 20007
Tel: 202/687-7051
Fax: 202/687-1904
E-Mail: ebm48@georgetown.edu
AB  - This paper offers an analysis of cyclical and secular patterns in job turnover using establishment-level data.  We provide evidence from multiple data sets that show that the job turnover process is markedly different over time and across regions.  Over time, we find that employment fluctuations are associated primarily with job destruction. Across regions, employment differences are associated more with job creation.  Differences were found between the cyclical (within) and secular (across state) responses in job creation and destruction to output shocks.  Movements in job creation and destruction were also found to be related to the types of human capital externalities or technological spillovers used to explain long-run differences in regional or national growth rates.
ER  -