Abstract
Guido Matias Cortes*, Nir Jaimovich* and Henry E. Siu*⇑ *Guido Matias Cortes is an associate professor of economics at York University and a research fellow at the Institute of Labor Economics (IZA). *Nir Jaimovich is a professor of economics at the University of Zürich and a research fellow at the Centre for Economic Policy Research (CEPR). *Henry E. Siu is a professor of economics at the University of British Columbia and a faculty research fellow at the National Bureau of Economic Research (NBER) <hankman{at}mail.ubc.ca>
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