This paper applies the insights of the literature on idiosyncratic shocks to inividual labor productivity to the dynamics of plant-level total factor productivity. Recent work in I.O. has emphasized the importance of firm- and plant-level heterogeneity in total factor productivity. Most of the...

Recent work in I.O. has emphasized the importance of firm- and plant-level heterogeneity in total factor productivity. Jensen and McGuckin (1996) argue that the major empirical regularity in studies of firm or establishment level productivity is heterogeneity within sectors and across plant...

contributions to aggregate productivity growth over this period. While reallocation is important for aggregate productivity growth, it contributes little to fluctuations in aggregate productivity growth at business cycle frequencies. Almost all of the volatility in aggregate productivity growth...

This paper uses confidential Census data, specifically the 1990 and 2000 Census Long Form data, to study the demographic processes underlying the gentrification of low-income urban neighborhoods during the 1990's. In contrast to previous studies, the analysis is conducted at the more refined...

We build up from the plant level an aggregate(d) Solow residual by estimating every U.S. manufacturing plant's contribution to the change in aggregate final demand between 1976 and 1996. Our framework uses the Petrin and Levinsohn (2010) definition of aggregate productivity growth, which...

In the U.S. Census of Manufactures, the Census Bureau imputes missing values using a combination of mean imputation, ratio imputation, and conditional mean imputation. It is well-known that imputations based on these methods can result in underestimation of variability and potential bias in...

This paper uses confidential Census data, specifically the 1990 and 2000 Census Long-Form data, to study the demographic processes underlying the gentrification of low income urban neighborhoods during the 1990's. In contrast to previous studies, the analysis is conducted at the more refined...