Regional Labor Market Adjustments In The United States
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Regional Labor Market Adjustments In The United States
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Author : Mai Dao
language : en
Publisher: International Monetary Fund
Release Date : 2014-11-25
Regional Labor Market Adjustments In The United States written by Mai Dao and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-25 with Business & Economics categories.
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.
Regional Labor Market Adjustments In The United States And Europe
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Author : Mai Dao
language : en
Publisher: International Monetary Fund
Release Date : 2014-02-11
Regional Labor Market Adjustments In The United States And Europe written by Mai Dao and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-11 with Business & Economics categories.
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.
Regional Labor Market Adjustments In The United States
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Author : Mai Dao
language : en
Publisher:
Release Date : 2014
Regional Labor Market Adjustments In The United States written by Mai Dao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Patterns In Regional Labor Market Adjustment
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Author : Edward Montgomery
language : en
Publisher:
Release Date : 1993
Patterns In Regional Labor Market Adjustment written by Edward Montgomery and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Labor market categories.
Pattern In Regional Labor Market Adjustment
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Author : Edward B. Montgomery
language : en
Publisher:
Release Date : 1993
Pattern In Regional Labor Market Adjustment written by Edward B. Montgomery and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
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.
Patterns In Regional Labor Market Adjustment
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Author : Edward Montgomery
language : en
Publisher:
Release Date : 1993
Patterns In Regional Labor Market Adjustment written by Edward Montgomery and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Labor market categories.
Patterns In Regional Labor Market Adjustment The United States Versus Japan
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Author : Edward B. Montgomery
language : en
Publisher:
Release Date : 1993
Patterns In Regional Labor Market Adjustment The United States Versus Japan written by Edward B. Montgomery and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
Labor Market Adjustments In The Pacific Basin
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Author : Peter Chinloy
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Labor Market Adjustments In The Pacific Basin written by Peter Chinloy and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Peter T. Chinloy and Ernst W. Stromsdorfer I. Background to Adjustments in Labor Markets The book examines the process of adjustment in labor markets across countries arising from external shocks and shifts in international competi tiveness. The examination of specific countries and their data permits a comparison of alternative institutions for compensating and redeploying labor. Four countries are involved, whose labor markets are both competi tive and complementary: Canada, Japan, Mexico, and the United States. Both public labor market institutions, such as direct government com~ pensation of displaced workers and the effect of unemployment insurance, and private market arrangements, such as em loyer-employee agreements on layoffs, the work contract, and severance pay, are considered. Compara tive examination across countries of labor market and related insitutions is thus possible. The book has a common theme, namely the adjustment of labor markets to exogenous shocks, particularly those externally induced. The unifying focus in on workers whose specific skills in an industry or firm render them relatively immobile.
Isolated States Of America
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Author : Riley Wilson
language : en
Publisher:
Release Date : 2021
Isolated States Of America written by Riley Wilson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Commuting categories.
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.
Labor Market Adjustment In Canada And The United States
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Author : Mr.Eswar Prasad
language : en
Publisher: International Monetary Fund
Release Date : 1997-01-01
Labor Market Adjustment In Canada And The United States written by Mr.Eswar Prasad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Business & Economics categories.
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.