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Secular Labor Reallocation and Business Cycles

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NBER2016-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21864
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We study the effect of mean-preserving labor reallocation on business cycle outcomes. We develop an empirical methodology using a local area's exposure to industry reallocation based on the area's initial industry composition and employment trends in the rest of the country over a full employment
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2016-01-01
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