EconPapers    
Economics at your fingertips  
 

Reallocation in the Great Recession: Cleansing or Not?

Lucia Foster (), Cheryl Grim and John Haltiwanger

No 20427, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The high pace of reallocation across producers is pervasive in the U.S. economy. Evidence shows this high pace of reallocation is closely linked to productivity. While these patterns hold on average, the extent to which the reallocation dynamics in recessions are "cleansing" is an open question. We find downturns prior to the Great Recession are periods of accelerated reallocation even more productivity enhancing than reallocation in normal times. In the Great Recession, we find the intensity of reallocation fell rather than rose and the reallocation that did occur was less productivity enhancing than in prior recessions.

JEL-codes: E24 E32 J63 O4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hme and nep-mac
Date: 2014-08
Note: EFG LS PR
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (27) Track citations by RSS feed

Published as Reallocation in the Great Recession: Cleansing or Not? , Lucia Foster, Cheryl Grim, John Haltiwanger. in Labor Markets in the Aftermath of the Great Recession , Card and Mas. 2016

Downloads: (external link)
http://www.nber.org/papers/w20427.pdf (application/pdf)

Related works:
Journal Article: Reallocation in the Great Recession: Cleansing or Not? (2016) Downloads
Chapter: Reallocation in the Great Recession: Cleansing or Not? (2013)
Working Paper: REALLOCATION IN THE GREAT RECESSION: CLEANSING OR NOT? (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:20427

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w20427

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Series data maintained by ().

 
Page updated 2017-09-29
Handle: RePEc:nbr:nberwo:20427