Aggregate worker reallocation and occupational mobility in the United States: 1971-2000
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Aggregate Reallocation Shocks and the Dynamics of Occupational Mobility and Wage Inequality
This paper presents a dynamic model of structural unemployment and occupational choice in which an economy is subjected to aggregate reallocation shocks. Reallocation shocks, which change the relative labour productivity across occupations, drive variation in the distribution of workers across occupations. The wage paid to workers in a given occupation depends on its labour productivity and the...
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تاریخ انتشار 2002