| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24236 |
| 来源ID | Working Paper 24236 |
| Changing Business Dynamism and Productivity: Shocks vs. Responsiveness | |
| Ryan A. Decker; John C. Haltiwanger; Ron S. Jarmin; Javier Miranda | |
| 发表日期 | 2018-01-22 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal responsiveness of businesses to those shocks. Using several novel empirical facts from business microdata, we infer that the pervasive post-2000 decline in reallocation reflects weaker responsiveness in a manner consistent with rising adjustment frictions and not lower dispersion of shocks. The within-industry dispersion of TFP and output per worker has risen, while the marginal responsiveness of employment growth to business-level productivity has weakened. The responsiveness in the post-2000 period for young firms in the high-tech sector is only about half (in manufacturing) to two thirds (economy wide) of the peak in the 1990s. Counterfactuals show that weakening productivity responsiveness since 2000 accounts for a significant drag on aggregate productivity. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w24236 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581909 |
| 推荐引用方式 GB/T 7714 | Ryan A. Decker,John C. Haltiwanger,Ron S. Jarmin,et al. Changing Business Dynamism and Productivity: Shocks vs. Responsiveness. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24236.pdf（1226KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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