Collaborative Research on Macroeconomic Implications of Establishment-Level Employment and Investment Dynamics

这笔赠款的目的是继续支持对机构一级就业和工资动态的性质和影响的研究。该项目的各个组成部分在很大程度上依赖于纵向研究数据库的使用，作为美国制造业机构级数据的丰富来源。本项目从三个方面进行研究。第一种是使用季度和年度时间序列数据，这些数据是调查人员根据总的就业创造和破坏构建的，以调查商业周期背后的驱动力。第二项研究涉及按详细部门和工厂特征编制和分析关于总投资流量的公共领域时间序列数据。第三个问题是发展理论，以调查创造和破坏就业机会与商业周期之间的联系的积极和福利影响。这项研究之所以重要，是因为它将增强我们对公司层面上工资和就业变化的理解，也将为这些变化如何影响和受到商业周期的影响提供新的见解。

The purpose of this grant is for continued support for research on the nature and implications of establishment-level employment and wage dynamics. The various components of this project rely heavily on the use of the Longitudinal Research Database as a rich source of establishment-level data for U.S. manufacturing industries. Three lines of research are pursued in this project. The first uses quarterly and annual time series data, that the investigators have constructed on gross job creation and destruction, to investigate the driving forces behind business cycles. The second line of research involves the development and analysis of public domain time series data on gross investment flows, by detailed sector and plant characteristic. The third involves the development of theories to investigate the positive and welfare implications of the connection between job creation and destruction and the business cycle. This research is important because it will enhance our understanding of wage and employment changes at the level of the firm, and it will also provide new insights as to how these changes affect and are affected by the business cycle.