Labor Responses, Regulation and Business Churn
(2020)
Journal Article
Aloi, M., Dixon, H., & Savagar, A. (2021). Labor Responses, Regulation and Business Churn. Journal of Money, Credit and Banking, 53(1), 119-156. https://doi.org/10.1111/jmcb.12694
We develop a model of sluggish firm entry to explain short-run labor responses to technology shocks. We show that the labor response to technology and its persistence depend on the degree of returns to labor and the rate of firm entry. Existing empir... Read More about Labor Responses, Regulation and Business Churn.