Moscarini, Giuseppe; Postel-Vinay, Fabien - Institute for the Study of Labor (IZA) - 2009
We provide new evidence that large firms or establishments are more sensitive than small ones to business cycle …% over the business cycle. Omitting cyclical indicators may lead to conclude that, on average, these cyclical effects wash … employer longitudinal information, starting in the mid 1970’s and now spanning four business cycles. The pattern that we …