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1. • Entire process of economic change

     • Turbulence is the entire process of economic change: worker reallocation as workers change jobs and job reallocation from firms contracting and shutting down, to firms expanding and starting up.
     press.uchicago.edu/Misc/Chicago/076326.html

     Economic Turbulence: Is a Volatile Economy Good for America ...

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   What is turbulence and why does it happen?

   • What is turbulence, why does it happen, and what is the impact? Turbulence is the entire process of economic change: worker reallocation as workers change jobs and job reallocation from firms contracting and shutting down, to firms expanding and starting up. Chapter 2 spells this out in more detail, but the sheer amount of turbulence is staggering.

   Economic Turbulence: Is a Volatile Economy Good for

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   What is economic turbulence?

   • Economic Turbulence refers to the complexities of turbulence, a defining characteristic of the modern American economy. It improves our understanding of this concept.

   Economic Turbulence: Is a Volatile Economy Good for

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   What are the dimensions of economic turbulence?

   • This book has been written because new data now exist that can measure the dimensions of economic turbulence, including the reallocation of jobs and workers into and out of jobs, as well as the entry and expansion of businesses, and their contraction and exit.

   Economic Turbulence: Is a Volatile Economy Good for

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   What causes turbulence in the labor market?

   • In the labor market, turbulence can be caused by a shuffling of workers across jobs. Firms hire workers, and workers accept jobs, but then one or both sides may decide that the job match isn’t right. The worker then leaves and is replaced by someone else.

   Economic Turbulence: Is a Volatile Economy Good for

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   What is the third reason for economic turbulence?

   • CNN reporter Lou Dobbs's book Exporting America (2004) paints a vivid picture of the third reason for economic turbulence: fundamental changes in the way in which goods and services are produced. He focuses on globalization, but others have lamented the impact of technological change and deregulation.

   Economic Turbulence: Is a Volatile Economy Good for

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   Is turbulence a negative factor?

   • In sum, although turbulence is very often equated with negative factors, this is only half the story. People see workers getting fired, and jobs being lost as firms shut down because that makes news. The other side of the story, workers getting hired and firms starting up and expanding, is not as visible.

   Economic Turbulence: Is a Volatile Economy Good for

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3. www.collinsdictionary.com › economic-turbulenceECONOMIC TURBULENCE definition and meaning | Collins English ...

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   uncountable noun. Turbulence is a state of confusion and disorganized change. [...] See full entry for 'turbulence' Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers. Definition of 'economic' economic. (iːkənɒmɪk , ek- ) adjective [usually ADJECTIVE noun] B2.

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     ECONOMIC TURBULENCE meaning | Definition, pronunciation,...

4. www.bbc.co.uk › news › business-48903058Turbulence and trade-offs: Why economics matters - BBC News

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   Jul 7, 2019 · An unprecedented double-edged challenge to seamless trade comes from the erratic and unpredictable Brexit negotiations, affecting everything from the price of cheese to the flow of manufacturing...

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6. academic.oup.com › chicago-scholarship-online › bookTwo Economic Turbulence: What, Who, and How Much?

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   We introduce the measures that are needed to discuss the types of economic turbulence: job creation and destruction, hires and separations, firm births and deaths. We also discuss how much economic turbulence there is, and how different it is across different industries and for workers of different ages.

7. www.bbc.com › news › business-48903058Turbulence and trade-offs: Why economics matters - BBC

   www.bbc.com › news › business-48903058

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   Jul 7, 2019 · An unprecedented double-edged challenge to seamless trade comes from the erratic and unpredictable Brexit negotiations, affecting everything from the price of cheese to the flow of manufacturing...

8. press.uchicago.edu › Misc › ChicagoEconomic Turbulence: Is a Volatile Economy Good for America ...

   press.uchicago.edu › Misc › Chicago

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   Turbulence is the entire process of economic change: worker reallocation as workers change jobs and job reallocation from firms contracting and shutting down, to firms expanding and starting up. Chapter 2 spells this out in more detail, but the sheer amount of turbulence is staggering.

9. www.degruyter.com › document › doiEconomic Turbulence - De Gruyter

   www.degruyter.com › document › doi

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   Sep 15, 2008 · “Economic Turbulence improves our understanding of the complexities of turbulence, the defining characteristic of the modern American economy. Providing evidence based on new data sources and interviews, it offers valuable insights into the impact of turbulence on firms’ performance and survival rates, and workers’ job ladders, career ...

10. academic.oup.com › chicago-scholarship-online › bookEconomic Turbulence: Is a Volatile Economy Good for America?

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    Oct 2, 2006 · Basing their argument on an up-close look into the dealings and practices of five key industries—financial services, retail food services, trucking, semiconductors, and software—they demonstrate the positive effects of turbulence on career paths, employee earnings, and firm performance.