Organizational dynamics over the business cycle: A view on jobless recoveries

Kathryn Koenders, Richard Rogerson

Research output: Contribution to journalReview articlepeer-review

46 Scopus citations

Abstract

This paper proposes a new explanation for the apparent slow growth in employment during the past two recoveries. The authors' explanation emphasizes dynamics within growing organizations and the intertemporal substitution of organizational restructuring. A key implication of the analysis is that recoveries from recessions following long expansions will have slower employment growth. Empirical analysis shows that the recovery that began in 1970 also exhibited slow employment growth, consistent with this prediction of the analysis.

Original languageEnglish (US)
Pages (from-to)555-579
Number of pages25
JournalFederal Reserve Bank of St. Louis Review
Volume87
Issue number4
DOIs
StatePublished - 2005
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Business and International Management

Fingerprint

Dive into the research topics of 'Organizational dynamics over the business cycle: A view on jobless recoveries'. Together they form a unique fingerprint.

Cite this