Population aging has become a salient demographic phenomenon in China, thus causing
social and economic concerns. However, little is known about the impact of population aging …

Population aging is expected to slow US economic growth. We use variation in the
predetermined component of population aging across states to estimate the impact of aging …

We propose a simple explanation for the long-run decline in the US start-up rate. It
originates from a slowdown in labor supply growth since the late 1970s, largely …

We analyze the secular decline in gross interstate migration in the United States from 1991
to 2011. We argue that migration fell because of a decline in the geographic specificity of …

In this paper, we first document a clear, downward trend in labor market fluidity that is
common across a variety of measures of worker and job turnover. This trend began in the …

We document two changes in post-war US macroeconomic dynamics: the procyclicality of
labour productivity vanished, and the relative volatility of employment rose. We propose an …

This paper investigates how migration and location choice decisions depend on a large set
of location characteristics, with particular focus on measuring the importance and nature of …

Although the decline in the level of internal migration has been the focus of growing
scholarly attention, little attention has been paid to countries with increasing or stable …

This paper bridges the gap between two popular approaches to estimating the natural rate
of unemployment, u*. The first approach uses detailed labor market indicators such as labor …

Search frictions and switching costs may grant monopsony power to incumbent employers
by reducing workers' outside options. This paper examines the role of labor market frictions …