{"id":"https://openalex.org/W2106129508","doi":null,"title":"Hiring, Job Loss, and the Severity of Recessions*","display_name":"Hiring, Job Loss, and the Severity of Recessions*","publication_year":2010,"publication_date":"2010-01-01","ids":{"openalex":"https://openalex.org/W2106129508","mag":"2106129508"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:fip:fedpbr:y:2010:i:q2:p:16-24","doi":null,"is_oa":false,"landing_page_url":"https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2010/q2/brq210_hiring-job-loss-and-severity-of-recessions.pdf","pdf_url":"https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2010/q2/brq210_hiring-job-loss-and-severity-of-recessions.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5054465711","display_name":"R. Jason Faberman","orcid":"https://orcid.org/0000-0001-5605-0662","observed_orcids":["https://orcid.org/0000-0001-5605-0662"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"R. Jason Faberman","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-5605-0662","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5054465711"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.29882144,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"16","last_page":"24"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.46459999680519104,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.46459999680519104,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.32710000872612,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.15649999678134918,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/recession-severity","display_name":"recession severity","score":0.9700000286102295},{"id":"https://openalex.org/keywords/personnel-selection","display_name":"personnel selection","score":0.6729999780654907},{"id":"https://openalex.org/keywords/job-loss","display_name":"job loss","score":0.8610000014305115},{"id":"https://openalex.org/keywords/business-expansion","display_name":"business expansion","score":0.7350000143051147},{"id":"https://openalex.org/keywords/unemployment","display_name":"unemployment","score":0.5860000252723694},{"id":"https://openalex.org/keywords/employment-decline","display_name":"employment decline","score":0.3089999854564667}],"concepts":[{"id":"https://openalex.org/C195742910","wikidata":"https://www.wikidata.org/wiki/Q176494","display_name":"Recession","level":2,"score":0.9510574340820312},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.7885711193084717},{"id":"https://openalex.org/C2993469481","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Job loss","level":3,"score":0.7290635704994202},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6481117010116577},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.6448740363121033},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.6179366707801819},{"id":"https://openalex.org/C110121322","wikidata":"https://www.wikidata.org/wiki/Q865811","display_name":"Distribution (mathematics)","level":2,"score":0.5409380793571472},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.48674750328063965},{"id":"https://openalex.org/C2992540694","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Job creation","level":2,"score":0.4482182264328003},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.3767619729042053},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3344847559928894},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.14799028635025024},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:fip:fedpbr:y:2010:i:q2:p:16-24","doi":null,"is_oa":false,"landing_page_url":"https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2010/q2/brq210_hiring-job-loss-and-severity-of-recessions.pdf","pdf_url":"https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2010/q2/brq210_hiring-job-loss-and-severity-of-recessions.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.177.7342","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.177.7342","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.philadelphiafed.org/research-and-data/publications/business-review/2010/q2/brq210_hiring-job-loss-and-severity-of-recessions.pdf","raw_type":"text"},{"id":"mag:2106129508","doi":null,"is_oa":false,"landing_page_url":"https://www.phil.frb.org/research-and-data/publications/business-review/2010/q2/brq210_hiring-job-loss-and-severity-of-recessions.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2764354036","display_name":"Business review","issn_l":"0007-7011","issn":["0007-7011"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316502","host_organization_name":"Federal Reserve Bank of Philadelphia","host_organization_lineage":["https://openalex.org/P4310316502"],"host_organization_lineage_names":["Federal Reserve Bank of Philadelphia"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business review","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":1.0,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W1561325272","https://openalex.org/W1564550135","https://openalex.org/W1972657912","https://openalex.org/W2095448826","https://openalex.org/W2111910167","https://openalex.org/W2123253124","https://openalex.org/W2150563000","https://openalex.org/W2163426381","https://openalex.org/W2170568085","https://openalex.org/W2326890393","https://openalex.org/W3121274485","https://openalex.org/W3124069586","https://openalex.org/W3124593884"],"related_works":["https://openalex.org/W7111581060","https://openalex.org/W2233865422","https://openalex.org/W2464961694","https://openalex.org/W4255995575","https://openalex.org/W7097759983","https://openalex.org/W1508925466","https://openalex.org/W7113456702","https://openalex.org/W4231160497","https://openalex.org/W3124593884","https://openalex.org/W2560094878"],"abstract_inverted_index":{"The":[0,51],"hiring":[1,34,60,141],"and":[2,21,40,45,90,119,151],"firing":[3],"decisions":[4],"of":[5,10,42,58,72,83,93,122,131,148,160],"individual":[6],"businesses":[7,84,94],"are":[8,56,86,96],"one":[9,104],"the":[11,16,38,43,70,73,81,91,107,120,129,144,158],"drivers":[12],"behind":[13],"movements":[14],"in":[15,66,105,109,157],"unemployment":[17,153],"rate":[18],"during":[19],"expansions":[20],"recessions.":[22],"Whether":[23],"a":[24,78,132],"recession":[25,76,102,133],"is":[26,77,103,112],"driven":[27],"by":[28],"large":[29,67],"job":[30,63,137],"losses":[31],"or":[32,61,139],"weak":[33,59,140],"will":[35,142],"greatly":[36],"affect":[37],"composition":[39],"consequences":[41],"unemployed":[44],"can":[46],"have":[47],"important":[48,146],"policy":[49],"implications.":[50],"extent":[52],"to":[53],"which":[54,106],"recessions":[55],"times":[57],"high":[62,136],"loss":[64,138],"depends":[65],"part":[68],"on":[69],"severity":[71,130],"downturn.":[74],"A":[75,100],"time":[79],"when":[80],"fraction":[82,92],"that":[85,95],"expanding":[87],"goes":[88,98],"down":[89],"contracting":[97],"up.":[99],"severe":[101],"shift":[108],"this":[110],"distribution":[111,159],"more":[113,145],"dramatic.":[114],"In":[115],"\\\\\"Hiring,":[116],"Job":[117],"Loss,":[118],"Severity":[121],"Recessions,":[123],"\\\\\"":[124],"Jason":[125],"Faberman":[126],"discusses":[127],"how":[128],"determines":[134],"whether":[135],"be":[143],"source":[147],"declining":[149],"employment":[150,162],"rising":[152],"through":[154],"disproportionate":[155],"changes":[156],"business-level":[161],"growth.":[163]},"counts_by_year":[],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2016-06-24T00:00:00"}