GALLIPOLI, GIOVANNI; PELLONI, GIANLUIGI - In: Review of Economic Analysis 5 (2013) 2, pp. 127-176
This paper appraises the literature on the macroeconomic effects of job reallocations. We overview different methodological approaches to the problem of observational equivalence of aggregate and sectoral shocks and draw two main conclusions. First, the non-directional nature of reallocation...