A large literature documents declining measures of business dynamism including high-growth young firm activity and job reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these patterns by studying changes in productivity growth from the late 1990s to the mid 2000s using firm-level data. We find that diminished allocative efficiency gains can account for the productivity slowdown in a manner that interacts with the within-firm productivity growth distribution. The evidence suggests that the decline in dynamism is reason for concern and sheds light on debates about the causes of slowing productivity growth.
Medicare Coverage and Reporting
Estimates the extent to which individuals misreport their Medicare coverage.
Racial Disparity in an Era of Increasing Income Inequality
Documents income inequality and mobility trends from 2000 to 2014 using the universe of tax filers matched to individual-level race and ethnicity data.
High Growth Young Firms: Contribution to Job, Output & Productivity
Recent research shows that the job creating prowess of small firms in the U.S. is better attributed to startups and young firms that are small.