Coming from [[DEI - Video Points to Include]] How responsible is the improved allocation of talent for the increase in GDP and growth? Are there are potential factors such as technological improvements that could instead account for this growth Between 1960 and 2010, improved allocation of talent eplains 20-40% US market output in GDP per person (productivity) In the baseline general equilibrium model, the delcine in occupationa barriers boost US market GDP per person by ~40% during this period, which corresponds to about that share of overall growth (income) The reduction in frictions can explain 90-95% of these increases and the narrowing of the wage gap