Verfügbarkeit: Regional Labor Market Adjustments in the United States and Europe

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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1. Verfasser:	Dao, Mai (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2014
Schriftenreihe:	IMF Working Papers Working Paper No. 14/26
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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
Beschreibung:	1 Online-Ressource (37 p)
ISBN:	1475598475 9781475598476

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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
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