Firing Costs, Misallocation, and Aggregate Productivity
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We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only generate static factor misallocation, but also a
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美国国家经济研究局创建时间：
2017-01-01
