an important role in the job matching process"--Federal Reserve Bank of St. Louis web site …

"Through their influence on the cross-sectional distribution of productivity across firms and workers, job creation and … destruction likely have an impact on the rate at which aggregate productivity changes over time. However, the nature of this … effect is not, a priori, clear. While a broad consensus has emerged suggesting that job destruction enhances productivity by …

productivity through a job search and matching process and, thus, that an important aspect of 'learning' in cities may involve … productivity by increasing the rate at which individuals acquire skills. One largely unexplored implication of this theory is that …