The Reallocation of Labour and the Lifecycle of Firms
利用美国企业和工人的面板数据，研究企业生命周期与劳动力重新配置的关系，发现初创和衰退企业贡献了不成比例的劳动力流动，且年轻企业间的人员流动更重要，而成熟企业内部流动更重要。
This paper uses a unique US panel dataset of firms and workers toinvestigate the relationship between the firm's lifecycle and the reallocation of labour. We distinguish labour reallocation associated with job reallocation, and reallocation of workers over a fixed configuration of jobs. We find that firms at the beginning and end of their lifecycles contribute disproportionately to labour market lows, with sorting between firms particularly important among young firms, whereas sorting within firms is moreimportant among mature firms. We also find that high churning lows are associated with a lower probability of a young firm surviving.