. These discussions echo an ongoing discussion about the effects of long run sectoral reallocation. Based on estimates from a … large state space model over a long sample for the United States, long run sectoral reallocation does not appear to be … systematically related to movements in the Beveridge Curve, although reallocation does appear to be countercyclical and related to …

-worker establishments that endogenously enter and exit. Analytical results show cyclical entry and exit cause reallocation of inputs that …

labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …, the model is also consistent with different employment and reallocation outcomes as workers gain experience in the labor …

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 …