bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By …

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 …

reallocation, and short- versus long-run effects. We document higher firm productivity even net of output price increases … at the aggregate level. Neither firm entry and exit nor other forms of employment reallocation between firms contributed …

is a persistent reallocation shock. First, rates of excess job and sales reallocation over 24-month periods have risen …

important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium …

is a persistent reallocation shock. First, rates of excess job and sales reallocation over 24-month periods have risen …