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fluctuations, both at the aggregate level and at the level of individual industries. We construct a New Keynesian DSGE model that …-specific, uncorrelated across industries. The bulk of the aggregate fluctuations, including those in aggregate measured productivity, are …
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applied to a broad class of assignment models. The results indicate that industries are the loci of sorting-more productive … workers are employed in more productive industries. The evidence confirms assortative matching can be present even when worker …
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The theoretical analysis of structural changes in the context of economic growth has a long tradition. However, studies which analyze the empirical relationship between these two economic categories are still very rare. In the literature, whether growth causes structural changes or the other way...
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