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- W2260571883 abstract "The UK experienced an unusually prolonged stagnation in labor in the aftermath of the Great Recession. This paper analyzes the role of sectoral labor misallocation in accounting for this productivity puzzle. If jobseekers disproportionately search for jobs in sectors where is relatively low, hires are concentrated in the wrong sectors and the post-recession recovery in aggregate can be slow. Our calculations suggest that, quantified at the level of three-digit occupations, this mechanism can explain up to two-thirds of the deviations from trend-growth in UK labor since 2007." @default.
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- W2260571883 date "2016-01-01" @default.
- W2260571883 modified "2023-09-23" @default.
- W2260571883 title "Working Hard in the Wrong Place: A Mismatch-Based Explanation to the UK Productivity Puzzle" @default.
- W2260571883 hasPublicationYear "2016" @default.
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