Using high-quality administrative data, I analyze workers' opportunity costs of reallocation across occupations by … changes after reallocation and find that workers who change occupations through unemployment face wage losses. Interpreted … would only reallocate when they can recoup the costs of reallocation through wage gains. To shed some light on the question …

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

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 …

capital mismatch. Looking at the period of the Great Recession, reallocation has had no detectable effect on the natural rate …

This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a …

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 …