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Regional Labor Market Adjustments In The United States
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Book Synopsis Regional Labor Market Adjustments in the United States by : Mai Dao
Download or read book Regional Labor Market Adjustments in the United States written by Mai Dao and published by International Monetary Fund. This book was released on 2014-11-25 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Regional Labor Market Adjustments in the United States and Europe by : Mai Dao
Download or read book Regional Labor Market Adjustments in the United States and Europe written by Mai Dao and published by International Monetary Fund. This book was released on 2014-02-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Regional Labor Market Adjustments in the United States by : Mai Dao
Download or read book Regional Labor Market Adjustments in the United States written by Mai Dao and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Patterns in Regional Labor Market Adjustment by : Edward Montgomery
Download or read book Patterns in Regional Labor Market Adjustment written by Edward Montgomery and published by . This book was released on 1993 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pattern in Regional Labor Market Adjustment by : Edward B. Montgomery
Download or read book Pattern in Regional Labor Market Adjustment written by Edward B. Montgomery and published by . This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Patterns in Regional Labor Market Adjustment by : Edward Montgomery
Download or read book Patterns in Regional Labor Market Adjustment written by Edward Montgomery and published by . This book was released on 1993 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regional Labor Market Adjustments in the United States and Europe by : Mai Dao
Download or read book Regional Labor Market Adjustments in the United States and Europe written by Mai Dao and published by International Monetary Fund. This book was released on 2014-02-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Patterns in Regional Labor Market Adjustment : the United States Versus Japan by : Edward B. Montgomery
Download or read book Patterns in Regional Labor Market Adjustment : the United States Versus Japan written by Edward B. Montgomery and published by . This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Isolated States of America by : Riley Wilson
Download or read book Isolated States of America written by Riley Wilson and published by . This book was released on 2021 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: I document a new empirical pattern of internal mobility in the United States. Namely, county-to-county migration and commuting drop off discretely at state borders. People are three times as likely to move to a county 15 miles away, but in the same state, than to move to an equally distant county in a different state. These gaps remain even among neighboring counties or counties in the same commuting zone. This pattern is not explained by differences in county characteristics, is not driven by any particular demographic group, and is not explained by pecuniary costs such as differences in state occupational licensing, taxes, or transfer program generosity. However, county-to-county social connectedness (as measured by the number of Facebook linkages) follows a similar pattern. Although the patterns in social networks would be consistent with information frictions, nonpecuniary psychic costs, or behavioral biases such as a sate identity or home bias, the data suggest that state identity and home bias play an outsized role. This empirical pattern has real economic impacts. Building on existing methods, I show that employment in border counties adjusts more slowly after local economic shocks relative to interior counties. These counties also exhibit less in-migration and in-commuting, suggesting the lack of mobility leads to slower labor market adjustment.
Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Book Synopsis Labor Market Implications of the Growing Internationalization of the U.S. Economy by : Charles F. Stone
Download or read book Labor Market Implications of the Growing Internationalization of the U.S. Economy written by Charles F. Stone and published by . This book was released on 1986 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage and Employment Adjustment in Local Labor Markets by : Randall W. Eberts
Download or read book Wage and Employment Adjustment in Local Labor Markets written by Randall W. Eberts and published by W. E. Upjohn Institute. This book was released on 1992 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the adjustment patterns of regional labour markets to changing demand between 1973 and 1987.
Book Synopsis Labor Market Adjustment in Canada and the United States by : Mr.Eswar Prasad
Download or read book Labor Market Adjustment in Canada and the United States written by Mr.Eswar Prasad and published by International Monetary Fund. This book was released on 1997-01-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a quantitative assessment of the relative importance of different labor market adjustment mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor market adjustment. At the aggregate level, employment growth shocks result in similar unemployment rate responses but smaller wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment persistence in Canada, the endogenous component of UI has affected unemployment persistence only marginally. The lower degree of aggregate real wage flexibility in Canada has not been an important determinant of unemployment persistence.
Book Synopsis Labor markets in an era of adjustment : an overview by : Susan Horton
Download or read book Labor markets in an era of adjustment : an overview written by Susan Horton and published by World Bank Publications. This book was released on 1994 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Currency Areas, Labor Markets, and Regional Cyclical Sensitivity by : Katheryn Niles Russ
Download or read book Currency Areas, Labor Markets, and Regional Cyclical Sensitivity written by Katheryn Niles Russ and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Institutional Change and Labor Market Adjustment in the United States by : David E. Bloom
Download or read book Institutional Change and Labor Market Adjustment in the United States written by David E. Bloom and published by . This book was released on 1985 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Currency Unions, Economic Fluctuations, and Adjustment by : Mr.Tamim Bayoumi
Download or read book Currency Unions, Economic Fluctuations, and Adjustment written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1996-08-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in these two economic areas. Comparable datasets comprising 1-digit sectoral data for eight U.S. regions and eight European countries are constructed and used to compare the degree of industrial diversification and the relative importance of different sources of shocks to output growth. Both areas are found to be subject to similar overall disturbances although a disaggregated perspective reveals some important differences. The major difference, however, is in labor market adjustment. Interregional labor mobility appears to be a much more important adjustment mechanism in the United States, which has a more integrated labor market than the EU.
