lower firm specificity locate farther away from one another, and argue that it can be concluded that the "poaching" argument …

agglomeration economies, i.e. we examine whether firms share risks from idiosyncratic and sector specific shocks through labor … pooling. Estimating wage functions we find that job turnover depresses wages at the regional and the firm level, indicating … employment shocks. Both findings provide evidence that labor pooling matters as a source of agglomeration economies by allowing …