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- W2728628529 abstract "A unique general equilibrium model featuring many occupations and aggregate shocks is created to study occupational employment dynamics by imposing a correlated TFP structure across occupations along with distance between occupations. Productivity processes across occupations are correlated with similar occupations experiencing similar fluctuations. Mobility frictions and the correlated-productivity structure produce a systematic relationship between occupational employment correlations and occupational distance that does not arise when productivity processes are independent. Using employment data and measures of task-distance between occupations from the U.S. economy, a negative relationship between the correlation of occupational employment and task-distance separating occupation-pairs is uncovered." @default.
- W2728628529 created "2017-07-14" @default.
- W2728628529 creator A5051991669 @default.
- W2728628529 date "2017-05-01" @default.
- W2728628529 modified "2023-09-27" @default.
- W2728628529 title "Aggregate Reallocation Shocks, Occupational Employment and Distance" @default.
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