by Patrick Hill
Job Churn Creates Massive Economic Uncertainty
Shocks in the initial months of the pandemic may have permanently destroyed a large share of employer-worker matches, many of which may have been highly productive, Because highly productive matches are costly to find, the economic disruption induced by Covid-19 may have induced persistent reductions in productivity and employment.
Alexander Bick Arizona State University & Adam Blandin Virginia Commonwealth University
The pandemic triggered…

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