Temporary contracts and the dynamics of job turnover
We report results indicating that job turnover is not countercyclical in general but rather reflects the inability of smooth labor adjustment through the use of temporary employment contracts. Service establishments with a high share of temporary employment exhibit acyclical job reallocation, while only permanent jobs within manufacturing are found to be countercyclical.
Volume (Year): 10 (2004)
Issue (Month): 4 ()
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