Economics, Econometrics and Finance
3 years ago

Two-Sided Heterogeneity Key to Understanding Labor Market Cycles.

SSRN Electronic Journal
The Importance of Two-Sided Heterogeneity for the Cyclicality of Labour Market Dynamics
Ronald Bachmann, Peggy Bechara

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The article discusses how having different types of workers with varying skills and experiences affects the ups and downs of the job market. By looking at data on job transitions, the researchers found that having a mix of workers with different levels of job security can make the job market more stable during economic changes. This means that having a diverse workforce can help cushion the impact of economic fluctuations on employment.