Davis, Steven J.; Faberman, R. Jason; Haltiwanger, John; … - In: American Economic Journal: Macroeconomics 2 (2010) 2, pp. 259-87
Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent by the mid 1990s. Using low frequency movements in industry-level data, we estimate that a 1 percentage point drop in the quarterly job destruction rate lowers the monthly unemployment inflow rate by...