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Agell avaliable b v/ut_1 Banks Bergström Burgess and Nickell cent per month change in employment compatible conjuction CORNELL UNIVERSITY data on separations distributed lag DlnNPt DlnNt_1 dynamic structure Edin effect on quits effect on separations evidence expected quits fall in employment Figure Futures Markets Holmlund implies influence labour cost labour market situation labour mobility lag polynomials lagged values lay-off equation lay-off model lay-off rate long run relationship longer time period mining and manufacturing model for lay-offs model for quits monthly Natural Gas Nilsson number of workers output price period lag permanent and temporary planned employment change quantity signal quit equation quit rate quits and lay-offs reason regressor Sample period 1970 Sp St specific St s DNp st_1 standard deviations Stockholm Sweden Swedish Table temporary employees tenure effect termination rate total separation rate trend decline unemployment rate unrestricted estimates Uppsala v/u ratio vacancy and unemployment