Using firm-level data, we examine the efficiency of labour reallocation in Australia over the period 2002–16. We find that more productive firms account for a higher share of employment – particularly in trade-exposed sectors – and Australia appears more successful at reallocating resources to high-productivity firms than many OECD countries. But the propensity for high-productivity firms to expand and low-productivity firms to contract (or exit) has declined over time. Counterfactual estimates suggest this decline in productivity-enhancing labour reallocation is a key feature of Australia’s productivity slowdown.

中文翻译：

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澳大利亚提高生产力的劳动力重新分配†

使用公司层面的数据，我们检验了 2002-16 年间澳大利亚劳动力重新分配的效率。我们发现，生产力更高的公司占就业的比例更高——尤其是在贸易相关部门——与许多经合组织国家相比，澳大利亚在将资源重新分配给高生产力公司方面似乎更成功。但随着时间的推移，高生产力公司扩张和低生产力公司收缩（或退出）的倾向已经下降。反事实估计表明，这种提高生产力的劳动力重新分配的下降是澳大利亚生产力放缓的一个关键特征。