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Author | : Mai Dao |
Publisher | : International Monetary Fund |
Total Pages | : 51 |
Release | : 2014-11-25 |
Genre | : Business & Economics |
ISBN | : 1498380433 |
Download Regional Labor Market Adjustments in the United States Book in PDF, ePub and Kindle
We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.
Author | : Edward Montgomery |
Publisher | : |
Total Pages | : 50 |
Release | : 1993 |
Genre | : Labor market |
ISBN | : |
Download Patterns in Regional Labor Market Adjustment Book in PDF, ePub and Kindle
Author | : Mai Dao |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 2014-02-11 |
Genre | : Business & Economics |
ISBN | : 1475598599 |
Download Regional Labor Market Adjustments in the United States and Europe Book in PDF, ePub and Kindle
We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger, while that of relative unemployment is weaker during aggregate downturns, and (iv) the change in the response intensity of migration is related to the declining trend in regional dispersion of labor market conditions. Finally, using regional data for a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time.
Author | : Edward B. Montgomery |
Publisher | : |
Total Pages | : 0 |
Release | : 1993 |
Genre | : |
ISBN | : |
Download Patterns in Regional Labor Market Adjustment : the United States Versus Japan Book in PDF, ePub and Kindle
Author | : Edward Montgomery |
Publisher | : |
Total Pages | : 80 |
Release | : 1993 |
Genre | : Labor market |
ISBN | : |
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Author | : Edward B. Montgomery |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
Genre | : |
ISBN | : |
Download Pattern in Regional Labor Market Adjustment Book in PDF, ePub and Kindle
In this paper I examine regional labor market behavior in the United States and Japan. In contrast with the picture at the aggregate level, Japanese labor markets at the prefectural (regional) level appear to exhibit substantially more persistence than state level labor markets in the United States. The distribution (and positions of regions within the distribution) of wages, unemployment, employment growth, and migration remain remarkably constant in Japan for periods of up to 15 years. Although wages, unemployment, and migration appear to be driven by similar factors in both countries, wages appear to be slightly more sensitive while unemployment is less sensitive to demand shifts in Japan than in the U.S.
Author | : Randall W. Eberts |
Publisher | : W. E. Upjohn Institute |
Total Pages | : 172 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |
Download Wage and Employment Adjustment in Local Labor Markets Book in PDF, ePub and Kindle
Analyses the adjustment patterns of regional labour markets to changing demand between 1973 and 1987.
Author | : Mai Dao |
Publisher | : International Monetary Fund |
Total Pages | : 51 |
Release | : 2014-11-25 |
Genre | : Business & Economics |
ISBN | : 1498302718 |
Download Regional Labor Market Adjustments in the United States Book in PDF, ePub and Kindle
We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.
Author | : Mai Dao |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 2014-02-11 |
Genre | : Business & Economics |
ISBN | : 1475598475 |
Download Regional Labor Market Adjustments in the United States and Europe Book in PDF, ePub and Kindle
We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger, while that of relative unemployment is weaker during aggregate downturns, and (iv) the change in the response intensity of migration is related to the declining trend in regional dispersion of labor market conditions. Finally, using regional data for a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time.
Author | : Thiess Büttner |
Publisher | : Springer Science & Business Media |
Total Pages | : 213 |
Release | : 2013-11-11 |
Genre | : Business & Economics |
ISBN | : 3642511880 |
Download Agglomeration, Growth, and Adjustment Book in PDF, ePub and Kindle
It is dealt with disparities in employment growth, unemployment, and wages between regional labor markets in Germany. First, endogenous formation and growth of industry locations due to agglomeration economies is established as a basic source of disparity in employment. Then, spatial frictions and local wage inflexibility due to central wage bargaining are detected as causes of unemployment disparities. Throughout the book theoretical analysis is combined with rigorous empirical testing using a large set of regional data at district level. In order to gain and robustify empirical results, recent methods in panel econometrics and spatial data analysis are employed. An overview on the extent of key regional labor market disparities in Germany is given. The book enables to assess our current understanding of the role of locational issues in causing those disparities, and thus to understand the basic justification of regional policy.