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Labor Reallocation and Business Cycles

Johannes Wieland () and Gabriel Chodorow-Reich

No 339, 2015 Meeting Papers from Society for Economic Dynamics

Abstract: We provide new and robust evidence that labor reallocation affects the duration and severity of recessions, and the recovery. To circumvent the small number of national recessions, we study the effects of labor reallocation in broadly defined local labor markets in the United States.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed015:339

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More papers in 2015 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
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