Kilponen, Juha; Vanhala, Juuso - European Central Bank - 2009
continuing JobS in
tHe buSineSS cycle
by Juha Kilponen
and Juuso Vanhala
WAGE DYNAMICS
NETWORK
WORKING PAPER SERIES
NO 1080 … the
€200 banknote.
PRODUCTIVITY AND JOB FLOWS
HETEROGENEITY OF NEW HIRES
AND CONTINUING JOBS
IN THE BUSINESS CYCLE
1 … technology vintage, suggesting that young �rms respond
more and possibly with di�erent margins to business cycle shocks than do …