{"id":"https://openalex.org/W1549952255","doi":null,"title":"Aggregate Shocks vs Reallocation Shocks: an Appraisal of the Applied Literature","display_name":"Aggregate Shocks vs Reallocation Shocks: an Appraisal of the Applied Literature","publication_year":2008,"publication_date":"2008-01-01","ids":{"openalex":"https://openalex.org/W1549952255","mag":"1549952255"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:rim:rimwps:27-08","doi":null,"is_oa":false,"landing_page_url":"http://www.rcfea.org/RePEc/pdf/wp27_08.pdf","pdf_url":"http://www.rcfea.org/RePEc/pdf/wp27_08.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"preprint"},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5007068242","display_name":"Giovanni Gallipoli","orcid":"https://orcid.org/0000-0002-4441-4964","observed_orcids":["https://orcid.org/0000-0002-4441-4964"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Giovanni Gallipoli","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-4441-4964","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5062560609","display_name":"Gianluigi Pelloni","orcid":"https://orcid.org/0000-0001-9374-5957","observed_orcids":["https://orcid.org/0000-0001-9374-5957"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Gianluigi Pelloni","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-9374-5957","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.4255000054836273,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.4255000054836273,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.2655999958515167,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.18539999425411224,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/job-reallocation","display_name":"job reallocation","score":0.8420000076293945},{"id":"https://openalex.org/keywords/aggregate-shocks","display_name":"aggregate shocks","score":0.7639999985694885},{"id":"https://openalex.org/keywords/job-creation-and-destruction","display_name":"job creation and destruction","score":0.8519999980926514},{"id":"https://openalex.org/keywords/observational-equivalence","display_name":"observational equivalence","score":0.8820000290870667},{"id":"https://openalex.org/keywords/numerical-simulation","display_name":"numerical simulation","score":0.6480000019073486},{"id":"https://openalex.org/keywords/labor-market-frictions","display_name":"labor market frictions","score":0.460999995470047}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5915040969848633},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.529194712638855},{"id":"https://openalex.org/C2777526511","wikidata":"https://www.wikidata.org/wiki/Q691543","display_name":"Pace","level":2,"score":0.48319709300994873},{"id":"https://openalex.org/C2781017355","wikidata":"https://www.wikidata.org/wiki/Q5462027","display_name":"Flourishing","level":2,"score":0.4507173001766205},{"id":"https://openalex.org/C2776838236","wikidata":"https://www.wikidata.org/wiki/Q1570382","display_name":"Creative destruction","level":2,"score":0.4372813403606415},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.343738317489624},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.12092781066894531},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C13280743","wikidata":"https://www.wikidata.org/wiki/Q131089","display_name":"Geodesy","level":1,"score":0.0},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0},{"id":"https://openalex.org/C542102704","wikidata":"https://www.wikidata.org/wiki/Q183257","display_name":"Psychotherapist","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:rim:rimwps:27-08","doi":null,"is_oa":false,"landing_page_url":"http://www.rcfea.org/RePEc/pdf/wp27_08.pdf","pdf_url":"http://www.rcfea.org/RePEc/pdf/wp27_08.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"preprint"},{"id":"pmh:oai:RePEc:rim:rimwps:27_08","doi":null,"is_oa":false,"landing_page_url":"http://www.rcea.org/RePEc/pdf/wp27_08.pdf","pdf_url":"http://www.rcea.org/RePEc/pdf/wp27_08.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1549952255","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:rim:rimwps:27_08","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.9211000204086304}],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.6700000166893005}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":100,"referenced_works":["https://openalex.org/W1482241473","https://openalex.org/W1490039853","https://openalex.org/W1491172205","https://openalex.org/W1497817638","https://openalex.org/W1498568394","https://openalex.org/W1501644217","https://openalex.org/W1504463169","https://openalex.org/W1510791224","https://openalex.org/W1527261226","https://openalex.org/W1542505976","https://openalex.org/W1543428816","https://openalex.org/W1543696671","https://openalex.org/W1550744975","https://openalex.org/W1558010543","https://openalex.org/W1573495147","https://openalex.org/W1578157763","https://openalex.org/W1592783832","https://openalex.org/W1601983742","https://openalex.org/W1606259231","https://openalex.org/W1607782836","https://openalex.org/W1749672673","https://openalex.org/W1804939085","https://openalex.org/W1834017788","https://openalex.org/W1850366448","https://openalex.org/W1892020075","https://openalex.org/W1894885103","https://openalex.org/W1965818930","https://openalex.org/W1971005721","https://openalex.org/W1971049824","https://openalex.org/W1973773622","https://openalex.org/W1975009779","https://openalex.org/W1979443077","https://openalex.org/W1982972046","https://openalex.org/W1990431794","https://openalex.org/W1991009982","https://openalex.org/W1997830103","https://openalex.org/W2001542828","https://openalex.org/W2009477546","https://openalex.org/W2011997924","https://openalex.org/W2030310082","https://openalex.org/W2030536732","https://openalex.org/W2031542759","https://openalex.org/W2038251191","https://openalex.org/W2039282896","https://openalex.org/W2043898408","https://openalex.org/W2044503966","https://openalex.org/W2046530432","https://openalex.org/W2052405053","https://openalex.org/W2052489773","https://openalex.org/W2053572115","https://openalex.org/W2059032885","https://openalex.org/W2062932953","https://openalex.org/W2064360179","https://openalex.org/W2064376073","https://openalex.org/W2064589480","https://openalex.org/W2080445198","https://openalex.org/W2085114793","https://openalex.org/W2086967887","https://openalex.org/W2087300274","https://openalex.org/W2091206152","https://openalex.org/W2095448826","https://openalex.org/W2097820412","https://openalex.org/W2105751568","https://openalex.org/W2107518886","https://openalex.org/W2112070030","https://openalex.org/W2118948993","https://openalex.org/W2122261803","https://openalex.org/W2123253124","https://openalex.org/W2129339109","https://openalex.org/W2132806722","https://openalex.org/W2136172577","https://openalex.org/W2146207816","https://openalex.org/W2147804380","https://openalex.org/W2153155589","https://openalex.org/W2156592848","https://openalex.org/W2157895285","https://openalex.org/W2165853150","https://openalex.org/W2326890393","https://openalex.org/W2502962682","https://openalex.org/W2614226046","https://openalex.org/W2889842381","https://openalex.org/W2890491479","https://openalex.org/W2890967607","https://openalex.org/W2891503265","https://openalex.org/W2891519670","https://openalex.org/W3021418616","https://openalex.org/W3121722945","https://openalex.org/W3122166097","https://openalex.org/W3122415926","https://openalex.org/W3122984896","https://openalex.org/W3123352388","https://openalex.org/W3123857060","https://openalex.org/W3124022733","https://openalex.org/W3124744319","https://openalex.org/W3125167946","https://openalex.org/W3125175487","https://openalex.org/W3125794806","https://openalex.org/W3125986346","https://openalex.org/W3146166473","https://openalex.org/W3147446937"],"related_works":["https://openalex.org/W7095455947","https://openalex.org/W2732160127","https://openalex.org/W2126256218","https://openalex.org/W2156592848","https://openalex.org/W3121272003","https://openalex.org/W3122166097","https://openalex.org/W2095448826","https://openalex.org/W2525378594","https://openalex.org/W1033398398","https://openalex.org/W3123266539"],"abstract_inverted_index":{"This":[0,75],"paper":[1],"critically":[2],"appraises":[3],"the":[4,10,13,36,57,79,99,102,123,127,145,148,165,169,173,200,203,213,216,219],"different":[5],"approaches":[6],"that":[7,140,202],"have":[8],"characterized":[9],"literature":[11,125],"on":[12,126,183,188,238],"macroeconomic":[14,128],"effects":[15,129],"of":[16,38,46,64,81,87,98,104,130,144,147,168,176,208,218,246,253,260],"job":[17,39,131,239],"reallocations":[18,132],"from":[19],"Lilien's":[20],"seminal":[21],"work":[22],"to":[23,92,172,194,215,244,256],"recent":[24,137],"developments":[25],"rooted":[26],"in":[27,56,69,136],"structural":[28],"general":[29,142],"equilibrium":[30],"models,":[31],"nonlinear":[32],"econometric":[33,185,228],"techniques":[34],"and":[35,41,72,114,152,205,230,235,241],"concepts":[37],"creation":[40,240],"destruction.":[42],"Despite":[43],"a":[44,62,83,105,141,156,258,265],"flourishing":[45],"empirical":[47,124],"analysis":[48],"no":[49],"unifying":[50],"theoretical":[51,107,190],"framework":[52],"has":[53,133],"obtained":[54],"consensus":[55],"scientific":[58],"debate.":[59],"We":[60,179,198],"face":[61],"corpus":[63],"research":[65,251],"which":[66,122,211],"is":[67,150,221],"heterogeneous":[68],"variables'":[70],"selection":[71],"experimental":[73,112],"design.":[74],"widespread":[76],"heterogeneity":[77],"makes":[78,115],"evaluation":[80],"results":[82],"daunting":[84],"task.":[85],"Reliability":[86],"outcomes":[88],"becomes":[89],"almost":[90],"impossible":[91],"assess":[93],"when,":[94],"even":[95],"within":[96,264],"models":[97,229],"same":[100],"generation,":[101],"lack":[103],"rigorous":[106,266],"background":[108],"hinders":[109],"well":[110],"defined":[111],"design":[113],"comparisons":[116],"difficult.":[117],"The":[118],"strong":[119],"pace":[120],"at":[121],"been":[134],"growing":[135],"years":[138],"suggests":[139],"assessment":[143],"state":[146],"art":[149],"valuable":[151],"maybe":[153],"indispensable.":[154],"As":[155],"guiding":[157],"principle":[158],"for":[159,249],"our":[160,195],"excursion":[161],"we":[162],"track":[163],"down":[164],"methodological":[166],"development":[167],"proposed":[170],"solutions":[171],"crucial":[174],"problem":[175],"observational":[177],"equivalence.":[178],"do":[180],"not":[181,192],"linger":[182],"specific":[184],"methods":[186],"nor":[187],"strictly":[189],"issues":[191],"relevant":[193],"main":[196],"purpose.":[197],"draw":[199],"conclusion":[201],"asymmetric":[204],"non-directional":[206],"nature":[207],"allocative":[209],"shocks,":[210],"holds":[212],"key":[214],"solution":[217],"problem,":[220],"better":[222],"captured":[223],"by":[224],"multivariate,":[225],"non-linear,":[226],"dynamic":[227],"numerical":[231],"simulation":[232],"techniques.":[233],"Davis":[234],"Haltiwanger's":[236],"perspective":[237],"destruction":[242],"seems":[243],"us":[245],"paramount":[247],"importance":[248],"future":[250],"because":[252],"its":[254],"potential":[255],"encompass":[257],"wealth":[259],"micro-level":[261],"data":[262],"sets":[263],"analytical":[267],"framework.":[268]},"counts_by_year":[{"year":2016,"cited_by_count":2},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}