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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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