Has greater turbulence among firms fueled rising wage instability in the United States? Earlier research by Gottschalk and Moffitt shows that rising earnings instability was responsible for one-third to one-half of the rise in wage inequality during the 1980s. These growing transitory...

When economic activity slows down, labor markets may undergo extensive structural change - the permanent reallocation of workers across industries. Job losses can be heavy, and creating new jobs and retraining displaced workers to fill them can take time. A high degree of restructuring may help...

An examination of the effect of mergers and acquisitions on the Fourth Federal Reserve District economy during the past three decades, using data from 37 companies in Cleveland, Cincinnati, and Pittsburgh.

A discussion of how wages have remained stable in the current expansion, resulting from changes in the industrial composition of employment and a more flexible process of labor.

As inflation rates in the United States decline, analysts are asking if there are economic reasons to hold the rates at levels above zero. Previous studies of whether inflation greases the wheels of the labor market ignore inflation's potential for disrupting wage patterns in the same market....

Has greater turbulence among firms fueled rising wage instability in the U.S.? Gottschalk and Moffitt ([1994]) find that rising earnings instability was responsible for one third to one half of the rise in wage inequality during the 1980s. These growing transitory fluctuations remain largely...