" Figure 12 " Ratio of U-->N Flows to U-->E Flows " " Ratio " " Note: Nine-quarter centered moving average, seasonally " adjusted and Abowd-Zellner mean adjusted. " Source: U.S. Bureau of Labor Statistics, Current Population " Survey micro data, and authors' calcuations. " " Ratio 1978:1 0.59024 1978:2 0.59103 1978:3 0.58279 1978:4 0.57816 1979:1 0.58181 1979:2 0.57717 1979:3 0.57311 1979:4 0.56579 1980:1 0.56992 1980:2 0.57044 1980:3 0.57358 1980:4 0.57806 1981:1 0.58867 1981:2 0.58681 1981:3 0.59194 1981:4 0.60462 1982:1 0.61825 1982:2 0.61835 1982:3 0.62233 1982:4 0.62283 1983:1 0.62580 1983:2 0.61862 1983:3 0.61773 1983:4 0.62171 1984:1 0.61165 1984:2 0.60411 1984:3 0.60205 1984:4 0.60381 1985:1 0.60070 1985:2 0.59528 1985:3 0.59903 1985:4 0.59344 1986:1 0.58416 1986:2 0.58348 1986:3 0.57919 1986:4 0.57048 1987:1 0.56332 1987:2 0.55325 1987:3 0.54712 1987:4 0.54245 1988:1 0.53912 1988:2 0.53555 1988:3 0.52850 1988:4 0.52348 1989:1 0.52186 1989:2 0.51857 1989:3 0.52451 1989:4 0.52663 1990:1 0.52248 1990:2 0.52441 1990:3 0.52852 1990:4 0.53958 1991:1 0.54331 1991:2 0.55124 1991:3 0.55664 1991:4 0.55746 1992:1 0.56811 1992:2 0.56943 1992:3 0.57199 1992:4 0.57502 1993:1 0.57877 1993:2 0.59223 1993:3 0.60044 1993:4 0.60620 1994:1 0.60781 1994:2 0.61040 1994:3 0.62039 1994:4 0.62714 1995:1 0.62932 1995:2 0.63659 1995:3 0.63341 1995:4 0.62556 1996:1 0.61899 1996:2 0.62406 1996:3 0.62678 1996:4 0.61954 1997:1 0.61683 1997:2 0.61307 1997:3 0.60205 1997:4 0.59799 1998:1 0.59604