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Misallocation of human capital across sectors can have substantial negative implications for aggregate output. So far, the literature examining this type of labor misallocation has assumed a Cobb-Douglas production function. Our paper departs from this assumption and instead considers more...
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This paper investigates the effects of both inward and outward foreign direct investment (FDI) on productivity in …
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We investigate whether workers reallocate up firm productivity and wage job ladders, and the cyclicality of this … process. We document that productivity is a better measure of the job ladder than the average wage, since high productivity … cycle differs between the firm wage and productivity ladders. In recessions, employment decreases more in low than in high …
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