The ‘fractal’ nature of the rise in earnings dispersion is one of its key features and remains a puzzle. This paper offers a new perspective on the causes of changes in earnings dispersion, focusing on the role of labour reallocation. Once we drop the assumption that all firms pay a given...

We utilize a large firm-level panel dataset to explore the links between gross job flows and gross worker flows. Our findings have relevance for models of job creation and destruction, of labour reallocation and of employment adjustment costs. We find churning flows (the difference between...

The striking geographical concentration of economic activities suggests that there are substantial benefits to agglomeration. The nature of those benefits remains unclear, however. In this Paper we take advantage of a new dataset to quantify the role of one of the main contenders: the matching...

This paper uses a unique panel dataset of firms and workers to investigate the relationship between the firm’s lifecycle and the reallocation of labour. We distinguish labour reallocation associated with job reallocation, and reallocation of workers over a fixed configuration of jobs. We find...