Yoonsoo Lee

In this paper we use data from the U.S. Census Bureau’s Longitudinal Research Database in order to assess the extent of the cross-sectoral variation in firm-level idiosyncratic risk and shed light on its determinants.

This paper analyzes the implications of plant-level dynamics over the business cycle. We first document basic patterns of entry and exit of U.S. manufacturing plants, in terms of employment and productivity, between 1972 and 1997.

This paper analyzes the implications of plant-level dynamics over the business cycle. We first document basic patterns of entry and exit of U.S. manufacturing plants, in terms of employment and productivity, between 1972 and 1997.

This paper summarizes relocation patterns in the U.S. manufacturing industry over the period 1972-1992, using plant- and firm-level data from the U.S. Census of Manufactures.

Procyclical productivity plays an important role in many models of aggregate fluctuations.

Competition among state and local governments to lure businesses has attracted considerable interest from economists, as well as legislators and policymakers.

The mix of companies in theeconomy is always changing. Themore-productive ones expand,and the less-productive ones aredriven out of the market, freeingresources such as labor and capitalfor new ventures.

As companies and consumers adapt to a changing marketplace, jobs are eliminated and new ones are created.

Over the past several years, Ohio’semployment has grown much moreslowly than the national average.

Labor productivity growth, a measureof output per unit of work, isclosely tied to gains in wages andliving standards, and it providesa direct measure of a country’scompetitive position over time.