Job Creation , Job Destruction , and International Competition : A Literature Review

  title={Job Creation , Job Destruction , and International Competition : A Literature Review},
  author={Michael W. Klein and Robert K. Triest and MA Medford and Michael. Klein and Robert. Triest},
ing from economic growth, the flow approach says that even when employment reaches an equilibrium or steady state value, the labor market is not at rest. The reason is that gross job and worker flows are not zero when employment is in equilibrium. Individual workers and individual jobs are involved continuously in matching and rematching. In fact, empirical estimates reported in the literature indicate that gross flows are much larger than net flows such as employment growth, which averages… CONTINUE READING
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