Regional Labor Market Adjustments in the United States and Europe:
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 o...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2014
|
| Series: | IMF Working Papers
Working Paper No. 14/26 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | 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 Europe 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 |
| Physical Description: | 1 Online-Ressource (37 p) |
| ISBN: | 1475598475 9781475598476 |
Staff View
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:35Z |
| indexdate | 2024-07-10T09:35:45Z |
| institution | BVB |
| isbn | 1475598475 9781475598476 |
| language | English |
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| oclc_num | 1337126549 |
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| series2 | IMF Working Papers |
| spelling | Dao, Mai Verfasser aut Regional Labor Market Adjustments in the United States and Europe Dao, Mai Washington, D.C International Monetary Fund 2014 1 Online-Ressource (37 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 14/26 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 Europe 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 Online-Ausg Furceri, Davide Sonstige oth Loungani, Prakash Sonstige oth http://elibrary.imf.org/view/IMF001/21163-9781475598476/21163-9781475598476/21163-9781475598476.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Dao, Mai Regional Labor Market Adjustments in the United States and Europe |
| title | Regional Labor Market Adjustments in the United States and Europe |
| title_auth | Regional Labor Market Adjustments in the United States and Europe |
| title_exact_search | Regional Labor Market Adjustments in the United States and Europe |
| title_exact_search_txtP | Regional Labor Market Adjustments in the United States and Europe |
| title_full | Regional Labor Market Adjustments in the United States and Europe Dao, Mai |
| title_fullStr | Regional Labor Market Adjustments in the United States and Europe Dao, Mai |
| title_full_unstemmed | Regional Labor Market Adjustments in the United States and Europe Dao, Mai |
| title_short | Regional Labor Market Adjustments in the United States and Europe |
| title_sort | regional labor market adjustments in the united states and europe |
| url | http://elibrary.imf.org/view/IMF001/21163-9781475598476/21163-9781475598476/21163-9781475598476.xml |
| work_keys_str_mv | AT daomai regionallabormarketadjustmentsintheunitedstatesandeurope AT furceridavide regionallabormarketadjustmentsintheunitedstatesandeurope AT lounganiprakash regionallabormarketadjustmentsintheunitedstatesandeurope |