Employment Instability and High Unemployment Rates

Stephen T. Marston

Discussants: Dr. Martin Feldstein and Saul H. Hymans

1976, No. 1

THE LABOR MARKET is in continuous internal motion, with workers moving
rapidly between jobs, unemployment, and nonparticipation even during
periods of stable economic activity. The flow of workers in and out of unemployment
every month is always far greater than the increase in the
number of the unemployed.

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Employment Instability and High Unemployment Rates

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Employment Instability and High Unemployment Rates

Stephen T. Marston STM Stephen T. Marston The Brookings Institution Discussants: Dr. Martin Feldstein and DMF Dr. Martin Feldstein President and CEO, National Bureau of Economic Research Saul H. Hymans SHH Saul H. Hymans University of Michigan

Stephen T. Marston

Discussants: Dr. Martin Feldstein and Saul H. Hymans