Secular Labor Reallocation and Business Cycles
---- Acknowledgments ----
We thank for their comments David Berger, Gordon Hansen, Larry Katz, Pat Kline, Giuseppe Moscarini, Valerie Ramey, Gianluca Violante, Ivan Werning, and numerous seminar and conference participants. This research was conducted with restricted access to Bureau of Labor Statistics (BLS) data. The views expressed here do not necessarily reflect the views of the BLS or the U.S. government. We are grateful to Jessica Helfand and Michael LoBue of the BLS for their help with the Longitudinal Database. An appendix to the paper is available on the authors’ webpages. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.