Job Creation and Destruction

  • Title:

    Job Creation and Destruction
  • Paperback ISBN:

    0262540932
  • Paperback Dimensions:

    5.5'' x 8.7''
  • 288 Paperback pages
  • Hardcover ISBN:

    0262041529

"Davis, Haltiwanger, and Schuh's book is a wonderfully clear and detailed description of the creation and destruction of jobs. It will be the standard in a rapidly expanding literature in the U.S. and abroad on this subject."

--Bruce Meyer, Professor of Economics, Northwestern University

Job Creation and Destruction is the culmination of a long, ongoing research program at the Center for Economic Studies. Using the most complete plant-level data source currently available--the Longitudinal Research Data constructed by the Census Bureau--it focuses on the U.S. manufacturing sector from 1972 to 1988 and develops a statistical portrait of the microeconomic adjustments to the many economic events that affect businesses and workers. The picture that emerges is one of large, persistent, and highly concentrated gross job flows, with job destruction dominating the cyclical feaures of net job flows.

The authors describe in detail those characteristics that destroy and create jobs over time (including industry of origin, wage payments, international trade exposure, factor intensity, size, age, and productivity performance), while also providing a broader measure of the process that will be directly relevant to macroeconomists and policymakers.

Steven J. Davis is a professor of economics at the University of Chicago, John C. Haltiwanger is a professor of economics at the University of Maryland, and Scott Schuh is an economist at the Federal Reserve Bank of Boston.

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About the Author

 

Steven J.
Davis
  • Steven J. Davis studies unemployment, job displacement, business dynamics, the effect of taxes on work activity, and other topics in economics. He is deputy dean for the faculty and professor of international business and economics at the University of Chicago Booth School of Business, a research associate at the National Bureau of Economic Research, and an economic adviser to the U.S. Congressional Budget Office.  He previously taught at Brown University and MIT.  As a visiting scholar at AEI, Mr. Davis studies how policy-related sources of uncertainty affect national economic performance.

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