Bilal, Adrien; Engbom, Niklas; Mongey, Simon; Violante, … - 2023
This paper evaluates the impact of slowing economic growth on labor market dynamism and misallocation. It provides a … model of endogenous growth via imitation in a frictional labor market. The framework accounts for rich data on worker job … gradually replace obsolescing incumbents by poaching their workers, a process that is intermediated via a frictional labor …