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Changing Business Dynamism and Productivity: Shocks vs. Responsiveness

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NBER2018-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24236
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The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal responsiveness of businesses to those shocks. Using several novel
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2018-01-01
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