Code for: Changing Dynamism and Productivity: Shocks vs Responsiveness
收藏ICPSR2020-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/120432/version/V1/view?path=/openicpsr/120432/fcr:versions/V1/README.pdf&type=file
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资源简介：
The pace of job reallocation has declined in the U.S. in recent decades. We draw insight from canonical models of business dynamics in which reallocation can decline due to (a) lower dispersion of idiosyncratic shocks faced by businesses, or (b) weaker marginal responsiveness of businesses to shocks. We show that shock dispersion has actually risen, while the responsiveness of business-level employment to productivity has weakened. Moreover, declining responsiveness can account for a significant fraction of the decline in the pace of job reallocation, and we find suggestive evidence this has been a drag on aggregate productivity.
提供机构：
United States Department of Commerce. Bureau of the Census; University of Maryland; Board of Governors of the Federal Reserve System
创建时间：
2020-01-01
