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Why are Plant Deaths Countercyclical : Reallocation Timing or Fragility?

Figura, Andrew - 2006

. The reallocation-timing hypothesis posits that plants suffering adverse permanent demand/productivity shocks delay …

Persistent link: https://www.econbiz.de/10012732481

Capital reallocation and the cyclicality of aggregate productivity

Cooper, Russell W.; Schott, Immo - In: Quantitative economics : QE ; journal of the … 14 (2023) 4, pp. 1337-1365

Capital reallocation between firms is procyclical and leads to variations in measured aggregate productivity. In this … paper, we ask how much of the cyclical variation in measured productivity is the consequence of capital reallocation. We … costs of reallocation. These shocks cause an endogenous cyclicality of measured aggregate productivity. Only a model driven …

Persistent link: https://www.econbiz.de/10014496527

The Elasticity of Elasticity of Substitution Estimates : Is Anything Robust?

Young, Andrew T. - 2008

We use a CES production function with no restrictions on technical bias to derive relationships between the growth in relative factor shares and (i) the capital to labor ratio and (ii) the ratio of marginal products. These relationships constitute a parsimonious specification used to identify...

Persistent link: https://www.econbiz.de/10012726267

Labor market sorting in Germany : presented at CESifo Area Conference on Employment and Social Protection, April 2016

Lochner, Benjamin; Schulz, Bastian - 2016

This paper analyzes the allocation of workers to jobs and the wage distribution in Germany. Our main contribution is to reconcile prominent empirical models of wage dispersion (Abowd et al., 1999; Card et al., 2013) with theoretical sorting models (Shimer and Smith, 2000; Eeckhout and Kircher, 2011;...

Persistent link: https://www.econbiz.de/10011524613

Firm productivity, wages, and sorting

Lochner, Benjamin; Schulz, Bastian - 2020

Increasing wage inequality is associated with changes in the degree of labor market sorting, i.e. the allocation of workers to firms. To measure sorting, we propose a new method which disentangles the respective contributions of worker and firm heterogeneity to wage inequality. Inspired by...

Persistent link: https://www.econbiz.de/10012159531

A tale of two countries: a comparison of the aggregate effects of sectoral reallocation in the United States and Germany

Reicher, Christopher Phillip - 2011

This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a … following the Great Recession. -- Sectoral shifts ; reallocation ; natural rate ; unemployment ; turbulence ; stochastic …

Persistent link: https://www.econbiz.de/10009232258

The aggregate effects of long run sectoral reallocation

Reicher, Christopher Phillip - 2011

capital mismatch. Looking at the period of the Great Recession, reallocation has had no detectable effect on the natural rate … the beginning of 2011. -- Mismatch ; sectoral shifts ; reallocation ; natural rate ; unemployment ; Great Recession …

Persistent link: https://www.econbiz.de/10009232259

Teacher allocation and school performance in Italy

Bryson, Alex; Corsini, Lorenzo; Martelli, Irene - 2020

Italy's secondary school system has faced funding constraints for many years which limits availability of new permanent job slots for teachers. When permanent posts do arise they are allocated mostly on seniority while merit only plays a small role. Thus, the age distribution of teachers in...

Persistent link: https://www.econbiz.de/10012288996

The effect of the Hartz labor market reforms on post-unemployment wages, sorting, and matching

Woodcock, Simon D. - 2020

We use linked longitudinal data on employers and employees to estimate how the 2003-2005 Hartz reforms affected the wages of displaced German workers after they returned to work. We also present a simple new method to decompose the wage effects into components attributable to selection on...

Persistent link: https://www.econbiz.de/10012228177

Job mobility, reallocation and wage growth : A tale of two countries

Hijzen, Alexander - 2021

This paper analyses the role of job mobility for job reallocation and aggregate wage growth in Norway and the United … Norway, the speed of worker reallocation from low-wage to high-wage firms is similar to that in the United States. Second …, job reallocation tends to be counter-cyclical in Norway, but pro-cyclical in the United States, due to the weaker tendency …

Persistent link: https://www.econbiz.de/10012512001