Search Results

Showing results 1 to 10 of approximately 22.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Haltiwanger, John 

Working Paper
Declining Dynamism, Allocative Efficiency, and the Productivity Slowdown

A large literature documents declining measures of business dynamism including high-growth young firm activity and job reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these patterns by studying changes in productivity growth from the late 1990s to the mid 2000s using firm-level data. We find that diminished allocative efficiency gains can account for the productivity slowdown in a manner that interacts with the within-firm productivity growth distribution. The evidence suggests that the decline in dynamism is reason for ...
Finance and Economics Discussion Series , Paper 2017-019

Working Paper
Limited countercyclical policies: an exploratory study

Research Working Paper , Paper 86-05

Journal Article
Measuring and analyzing aggregate fluctuations: the importance of building from microeconomic evidence

Review , Issue May , Pages 55-78

Discussion Paper
Measuring Early-Stage Business Formation

New businesses play an important role in overall economic activity. They account for a sizable share of job creation, and they provide a key source of innovation that contributes to overall productivity growth.
FEDS Notes , Paper 2018-03-07

Conference Paper
Business volatility, job destruction and unemployment

Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid 1990s and thereafter. U.S. data also show a secular decline in firm-level employment volatility and the job destruction rate. We interpret this decline as a decrease in the intensity of idiosyncratic labor demand shocks, a key parameter in search and matching models of frictional unemployment. According to these models, a lower intensity of idiosyncratic demand shocks produces less job destruction, fewer workers flowing through the unemployment pool and less frictional ...
Proceedings , Issue Nov

Working Paper
Early-Stage Business Formation : An Analysis of Applications for Employer Identification Numbers

This paper reports on the development and analysis of a newly constructed dataset on the early stages of business formation. The data are based on applications for Employer Identification Numbers (EINs) submitted in the United States, known as IRS Form SS-4 filings. The goal of the research is to develop high-frequency indicators of business formation at the national, state, and local levels. The analysis indicates that EIN applications provide forward-looking and very timely information on business formation. The signal of business formation provided by counts of applications is improved by ...
Finance and Economics Discussion Series , Paper 2018-015

Working Paper
The establishment-level behavior of vacancies and hiring

The authors study vacancies, hires, and vacancy yields (success rate in generating hires) in the Job Openings and Labor Turnover Survey, a large representative sample of U.S. employers. The authors also develop a simple framework that identifies the monthly flow of new vacancies and the job-filling rate for vacant positions, the employer counterpart to the job-finding rate for unemployed workers. The job-filling rate moves counter to employment at the aggregate level but rises steeply with employer growth rates in the cross section. It falls with employer size, rises with the worker turnover ...
Working Papers , Paper 09-14

Working Paper
Euler-equation estimation for discrete choice models: a capital accumulation application

This paper studies capital adjustment at the establishment level. Our goal is to characterize capital adjustment costs, which are important for understanding both the dynamics of aggregate investment and the impact of various policies on capital accumulation. Our estimation strategy searches for parameters that minimize ex post errors in an Euler equation. This strategy is quite common in models for which adjustment occurs in each period. Here, we extend that logic to the estimation of parameters of dynamic optimization problems in which non-convexities lead to extended periods of investment ...
Research Working Paper , Paper RWP 10-04

Working Paper
Labor productivity: structural change and cyclical dynamics

A longstanding puzzle of empirical economics is that average labor productivity declines during recessions and increases during booms. This paper provides a framework to assess the empirical importance of competing hypotheses for explaining the observed procyclicality. For each competing hypothesis we derive the implications for cyclical productivity conditional on expectations of future demand and supply conditions. The novelty of the paper is that we exploit the tremendous heterogeneity in long-run structural changes across individual plants to identify the short-run sources of procyclical ...
Finance and Economics Discussion Series , Paper 96-10

Working Paper
Dynamics of labor demand : evidence from plant-level observations and aggregate implications

This paper studies the dynamics of labor demand at the micro and aggregate level. The correlation of hours and employment growth is negative at the plant level and positive in aggregate time series. Further, hours and employment growth are about equally volatile at the plant level while hours growth is much less volatile than employment growth in the aggregate data. Given these differences, we specify and estimate the parameters of a plant-level dynamic optimization problem using simulated method of moments to match plant-level observations. Our findings indicate that non-convex adjustment ...
Research Working Paper , Paper RWP 03-12

FILTER BY year

FILTER BY Content Type

FILTER BY Jel Classification

J63 3 items

E24 2 items

J64 2 items

L26 2 items

O47 2 items

D2 1 items

show more (9)

FILTER BY Keywords

PREVIOUS / NEXT