Regional labor market adjustments in the United States /:
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 respon...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2014.
©2014 |
| Schriftenreihe: | IMF working paper ;
WP/14/211. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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.--Abstract. |
| Beschreibung: | "November 2014." "Research Department." |
| Beschreibung: | 1 online resource (51 pages) : color illustrations |
| Bibliographie: | Includes bibliographical references (pages 24-26). |
| ISBN: | 9781475565744 1475565747 1484315723 9781484315729 |
Internformat
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| 100 | 1 | |a Dao, Mai, |e author. | |
| 245 | 1 | 0 | |a Regional labor market adjustments in the United States / |c prepared by Mai Dao, Davide Furceri, and Prakash Loungani. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2014. | ||
| 264 | 4 | |c ©2014 | |
| 300 | |a 1 online resource (51 pages) : |b color illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/14/211 | |
| 500 | |a "November 2014." | ||
| 500 | |a "Research Department." | ||
| 504 | |a Includes bibliographical references (pages 24-26). | ||
| 520 | |a 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.--Abstract. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed December 1, 2014). | |
| 505 | 0 | |a Cover; Contents; I. Introduction; II. Statistical Properties of Regional Employment; III. Baseline Econometric Approach and Results; IV. Endogeneity of State Labor Demand Shocks; A. Test of OLS Identification Assumption; B. Validation of Results with Migration and Population Data; V. The Evolution of Regional Adjustment; A. Documenting Patterns of Regional Adjustment; B. Regional Adjustment During Recessions and Expansions; C. What Drives the Pattern of Mobility?; Compositional Effects; The Role of Risk Sharing; VI. Concluding Remarks; References; Tables. | |
| 505 | 8 | |a 1. Summary Statistics of State-level Data2. Employment Shares by Industry across U.S. States in 2012; 3. Endogeneity and 2SLS: Employment Rate (le) Equation; 4. Endogeneity and 2SLS: Participation Rate (lp) Equation; 5. Direct Estimation of Migration Response to Labor Market Shocks using ACS Data; 6. Job-Related Out-migration Rate by State during the Great Recession: percent of working-age labor force overall and percent of unemployed; 7. Job-search Related Interstate Migration Rate of the Labor Force; Figures; 1. Persistence of Employment Growth Rates across U.S. States, 1976-2011. | |
| 505 | 8 | |a 2. Dispersion of Employment Growth Rates across U.S. States, 1976-20113. Response of State-relative Labor Market Variables: OLS; 4. Distribution of Predicted Employment Growth Based on State-level Industry Mix; 5. 2SLS First Stage Regression, Full Sample and Sub-samples; 6. Response of State-relative Labor Market Variables: OLS vs. IV; 7. Decomposition of a 1 Worker Regional Labor Demand Shock to 3 Adjustment Margins: OLS vs. IV Reduced Form; 8. Response of Ccumulative Net Migration, Using Migration and Population Data Direct Estimates vs. VAR Identifications. | |
| 505 | 8 | |a 9. Response of Net Migration to 1 Percent State-relative Labor demand Shock: Three Sub-samples10 Cross-sectional Correlation between Labor Demand and Net-migration: 2007 vs. 2009; 11. Short-run Response of Net Migration to Labor Demand Shock of 1 Worker: Expanding Window Regressions; 12. Short-run Response of Migration/unemployment/participation to Labor Demand Shock of 1 Worker: Expanding Window Regressions; 13. Interstate Migration Rate: Percent of Working-age Population; 14. Interstate Migration Rate for Job-search: Percent of Working-age Labor Force. | |
| 505 | 8 | |a 15. Response of State-level Relative Labor Market Variables to a 1 Percent Negative Labor Demand Shock: Business Cycle Interaction16. Response of Cumulative Net Migration to a 1 Percent Negative Labor Demand Shock: Business Cycle Interaction; 17. Dynamics of Uninsured Risk: Business Cycle Interaction; 18. Response of Cumulative Net Migration to a 1 Percent Negative Labor Demand Shock: Role of Risk Sharing. | |
| 546 | |a English. | ||
| 650 | 0 | |a Labor markets |z United States |x Econometric models. | |
| 650 | 0 | |a Labor demand |z United States |x Econometric models. | |
| 650 | 0 | |a Labor mobility |z United States |x Econometric models. | |
| 650 | 0 | |a Labor mobility |x Economic aspects |z United States |x Econometric models. | |
| 650 | 0 | |a Unemployment |z United States |x Econometric models. | |
| 650 | 0 | |a Regional economics |z United States |x Econometric models. | |
| 650 | 6 | |a Marché du travail |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Main-d'uvre |x Mobilité |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Main-d'uvre |x Mobilité |x Aspect économique |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Économie régionale |z États-Unis |x Modèles économétriques. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Industries |x General. |2 bisacsh | |
| 650 | 7 | |a Labor demand |x Econometric models |2 fast | |
| 650 | 7 | |a Labor mobility |x Econometric models |2 fast | |
| 650 | 7 | |a Regional economics |x Econometric models |2 fast | |
| 650 | 7 | |a Unemployment |x Econometric models |2 fast | |
| 651 | 7 | |a United States |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq | |
| 700 | 1 | |a Furceri, Davide, |e author. | |
| 700 | 1 | |a Loungani, Prakash, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Research Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 758 | |i has work: |a Regional labor market adjustments in the United States (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGxDmgM398FvmgbRJRYTf3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Dao, Mai. |t Regional labor market adjustments in the United States. |d [Washington, District of Columbia] : International Monetary Fund, ©2014 |h 50 pages |k IMF working paper ; WP/14/211 |z 9781498302715 |
| 830 | 0 | |a IMF working paper ; |v WP/14/211. |0 http://id.loc.gov/authorities/names/no89010263 | |
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| author | Dao, Mai Furceri, Davide Loungani, Prakash |
| author_facet | Dao, Mai Furceri, Davide Loungani, Prakash |
| author_role | aut aut aut |
| author_sort | Dao, Mai |
| author_variant | m d md d f df p l pl |
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| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG3881 |
| callnumber-raw | HG3881.5.I58 W67 No. 14/211eb |
| callnumber-search | HG3881.5.I58 W67 No. 14/211eb |
| callnumber-sort | HG 43881.5 I58 W67 NO 214 3211EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBU |
| contents | Cover; Contents; I. Introduction; II. Statistical Properties of Regional Employment; III. Baseline Econometric Approach and Results; IV. Endogeneity of State Labor Demand Shocks; A. Test of OLS Identification Assumption; B. Validation of Results with Migration and Population Data; V. The Evolution of Regional Adjustment; A. Documenting Patterns of Regional Adjustment; B. Regional Adjustment During Recessions and Expansions; C. What Drives the Pattern of Mobility?; Compositional Effects; The Role of Risk Sharing; VI. Concluding Remarks; References; Tables. 1. Summary Statistics of State-level Data2. Employment Shares by Industry across U.S. States in 2012; 3. Endogeneity and 2SLS: Employment Rate (le) Equation; 4. Endogeneity and 2SLS: Participation Rate (lp) Equation; 5. Direct Estimation of Migration Response to Labor Market Shocks using ACS Data; 6. Job-Related Out-migration Rate by State during the Great Recession: percent of working-age labor force overall and percent of unemployed; 7. Job-search Related Interstate Migration Rate of the Labor Force; Figures; 1. Persistence of Employment Growth Rates across U.S. States, 1976-2011. 2. Dispersion of Employment Growth Rates across U.S. States, 1976-20113. Response of State-relative Labor Market Variables: OLS; 4. Distribution of Predicted Employment Growth Based on State-level Industry Mix; 5. 2SLS First Stage Regression, Full Sample and Sub-samples; 6. Response of State-relative Labor Market Variables: OLS vs. IV; 7. Decomposition of a 1 Worker Regional Labor Demand Shock to 3 Adjustment Margins: OLS vs. IV Reduced Form; 8. Response of Ccumulative Net Migration, Using Migration and Population Data Direct Estimates vs. VAR Identifications. 9. Response of Net Migration to 1 Percent State-relative Labor demand Shock: Three Sub-samples10 Cross-sectional Correlation between Labor Demand and Net-migration: 2007 vs. 2009; 11. Short-run Response of Net Migration to Labor Demand Shock of 1 Worker: Expanding Window Regressions; 12. Short-run Response of Migration/unemployment/participation to Labor Demand Shock of 1 Worker: Expanding Window Regressions; 13. Interstate Migration Rate: Percent of Working-age Population; 14. Interstate Migration Rate for Job-search: Percent of Working-age Labor Force. 15. Response of State-level Relative Labor Market Variables to a 1 Percent Negative Labor Demand Shock: Business Cycle Interaction16. Response of Cumulative Net Migration to a 1 Percent Negative Labor Demand Shock: Business Cycle Interaction; 17. Dynamics of Uninsured Risk: Business Cycle Interaction; 18. Response of Cumulative Net Migration to a 1 Percent Negative Labor Demand Shock: Role of Risk Sharing. |
| ctrlnum | (OCoLC)897123630 |
| dewey-full | 338.109234 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.109234 |
| dewey-search | 338.109234 |
| dewey-sort | 3338.109234 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| geographic | United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq |
| geographic_facet | United States |
| id | ZDB-4-EBU-ocn897123630 |
| illustrated | Illustrated |
| indexdate | 2024-07-16T15:04:04Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n77001219 |
| isbn | 9781475565744 1475565747 1484315723 9781484315729 |
| language | English |
| oclc_num | 897123630 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (51 pages) : color illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Dao, Mai, author. Regional labor market adjustments in the United States / prepared by Mai Dao, Davide Furceri, and Prakash Loungani. [Washington, D.C.] : International Monetary Fund, ©2014. ©2014 1 online resource (51 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/14/211 "November 2014." "Research Department." Includes bibliographical references (pages 24-26). 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.--Abstract. Online resource; title from pdf title page (IMF.org Web site, viewed December 1, 2014). Cover; Contents; I. Introduction; II. Statistical Properties of Regional Employment; III. Baseline Econometric Approach and Results; IV. Endogeneity of State Labor Demand Shocks; A. Test of OLS Identification Assumption; B. Validation of Results with Migration and Population Data; V. The Evolution of Regional Adjustment; A. Documenting Patterns of Regional Adjustment; B. Regional Adjustment During Recessions and Expansions; C. What Drives the Pattern of Mobility?; Compositional Effects; The Role of Risk Sharing; VI. Concluding Remarks; References; Tables. 1. Summary Statistics of State-level Data2. Employment Shares by Industry across U.S. States in 2012; 3. Endogeneity and 2SLS: Employment Rate (le) Equation; 4. Endogeneity and 2SLS: Participation Rate (lp) Equation; 5. Direct Estimation of Migration Response to Labor Market Shocks using ACS Data; 6. Job-Related Out-migration Rate by State during the Great Recession: percent of working-age labor force overall and percent of unemployed; 7. Job-search Related Interstate Migration Rate of the Labor Force; Figures; 1. Persistence of Employment Growth Rates across U.S. States, 1976-2011. 2. Dispersion of Employment Growth Rates across U.S. States, 1976-20113. Response of State-relative Labor Market Variables: OLS; 4. Distribution of Predicted Employment Growth Based on State-level Industry Mix; 5. 2SLS First Stage Regression, Full Sample and Sub-samples; 6. Response of State-relative Labor Market Variables: OLS vs. IV; 7. Decomposition of a 1 Worker Regional Labor Demand Shock to 3 Adjustment Margins: OLS vs. IV Reduced Form; 8. Response of Ccumulative Net Migration, Using Migration and Population Data Direct Estimates vs. VAR Identifications. 9. Response of Net Migration to 1 Percent State-relative Labor demand Shock: Three Sub-samples10 Cross-sectional Correlation between Labor Demand and Net-migration: 2007 vs. 2009; 11. Short-run Response of Net Migration to Labor Demand Shock of 1 Worker: Expanding Window Regressions; 12. Short-run Response of Migration/unemployment/participation to Labor Demand Shock of 1 Worker: Expanding Window Regressions; 13. Interstate Migration Rate: Percent of Working-age Population; 14. Interstate Migration Rate for Job-search: Percent of Working-age Labor Force. 15. Response of State-level Relative Labor Market Variables to a 1 Percent Negative Labor Demand Shock: Business Cycle Interaction16. Response of Cumulative Net Migration to a 1 Percent Negative Labor Demand Shock: Business Cycle Interaction; 17. Dynamics of Uninsured Risk: Business Cycle Interaction; 18. Response of Cumulative Net Migration to a 1 Percent Negative Labor Demand Shock: Role of Risk Sharing. English. Labor markets United States Econometric models. Labor demand United States Econometric models. Labor mobility United States Econometric models. Labor mobility Economic aspects United States Econometric models. Unemployment United States Econometric models. Regional economics United States Econometric models. Marché du travail États-Unis Modèles économétriques. Main-d'uvre Mobilité États-Unis Modèles économétriques. Main-d'uvre Mobilité Aspect économique États-Unis Modèles économétriques. Économie régionale États-Unis Modèles économétriques. BUSINESS & ECONOMICS Industries General. bisacsh Labor demand Econometric models fast Labor mobility Econometric models fast Regional economics Econometric models fast Unemployment Econometric models fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Furceri, Davide, author. Loungani, Prakash, author. International Monetary Fund. Research Department, issuing body. http://id.loc.gov/authorities/names/n77001219 has work: Regional labor market adjustments in the United States (Text) https://id.oclc.org/worldcat/entity/E39PCGxDmgM398FvmgbRJRYTf3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Dao, Mai. Regional labor market adjustments in the United States. [Washington, District of Columbia] : International Monetary Fund, ©2014 50 pages IMF working paper ; WP/14/211 9781498302715 IMF working paper ; WP/14/211. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1256221 Volltext |
| spellingShingle | Dao, Mai Furceri, Davide Loungani, Prakash Regional labor market adjustments in the United States / IMF working paper ; Cover; Contents; I. Introduction; II. Statistical Properties of Regional Employment; III. Baseline Econometric Approach and Results; IV. Endogeneity of State Labor Demand Shocks; A. Test of OLS Identification Assumption; B. Validation of Results with Migration and Population Data; V. The Evolution of Regional Adjustment; A. Documenting Patterns of Regional Adjustment; B. Regional Adjustment During Recessions and Expansions; C. What Drives the Pattern of Mobility?; Compositional Effects; The Role of Risk Sharing; VI. Concluding Remarks; References; Tables. 1. Summary Statistics of State-level Data2. Employment Shares by Industry across U.S. States in 2012; 3. Endogeneity and 2SLS: Employment Rate (le) Equation; 4. Endogeneity and 2SLS: Participation Rate (lp) Equation; 5. Direct Estimation of Migration Response to Labor Market Shocks using ACS Data; 6. Job-Related Out-migration Rate by State during the Great Recession: percent of working-age labor force overall and percent of unemployed; 7. Job-search Related Interstate Migration Rate of the Labor Force; Figures; 1. Persistence of Employment Growth Rates across U.S. States, 1976-2011. 2. Dispersion of Employment Growth Rates across U.S. States, 1976-20113. Response of State-relative Labor Market Variables: OLS; 4. Distribution of Predicted Employment Growth Based on State-level Industry Mix; 5. 2SLS First Stage Regression, Full Sample and Sub-samples; 6. Response of State-relative Labor Market Variables: OLS vs. IV; 7. Decomposition of a 1 Worker Regional Labor Demand Shock to 3 Adjustment Margins: OLS vs. IV Reduced Form; 8. Response of Ccumulative Net Migration, Using Migration and Population Data Direct Estimates vs. VAR Identifications. 9. Response of Net Migration to 1 Percent State-relative Labor demand Shock: Three Sub-samples10 Cross-sectional Correlation between Labor Demand and Net-migration: 2007 vs. 2009; 11. Short-run Response of Net Migration to Labor Demand Shock of 1 Worker: Expanding Window Regressions; 12. Short-run Response of Migration/unemployment/participation to Labor Demand Shock of 1 Worker: Expanding Window Regressions; 13. Interstate Migration Rate: Percent of Working-age Population; 14. Interstate Migration Rate for Job-search: Percent of Working-age Labor Force. 15. Response of State-level Relative Labor Market Variables to a 1 Percent Negative Labor Demand Shock: Business Cycle Interaction16. Response of Cumulative Net Migration to a 1 Percent Negative Labor Demand Shock: Business Cycle Interaction; 17. Dynamics of Uninsured Risk: Business Cycle Interaction; 18. Response of Cumulative Net Migration to a 1 Percent Negative Labor Demand Shock: Role of Risk Sharing. Labor markets United States Econometric models. Labor demand United States Econometric models. Labor mobility United States Econometric models. Labor mobility Economic aspects United States Econometric models. Unemployment United States Econometric models. Regional economics United States Econometric models. Marché du travail États-Unis Modèles économétriques. Main-d'uvre Mobilité États-Unis Modèles économétriques. Main-d'uvre Mobilité Aspect économique États-Unis Modèles économétriques. Économie régionale États-Unis Modèles économétriques. BUSINESS & ECONOMICS Industries General. bisacsh Labor demand Econometric models fast Labor mobility Econometric models fast Regional economics Econometric models fast Unemployment Econometric models fast |
| title | Regional labor market adjustments in the United States / |
| title_auth | Regional labor market adjustments in the United States / |
| title_exact_search | Regional labor market adjustments in the United States / |
| title_full | Regional labor market adjustments in the United States / prepared by Mai Dao, Davide Furceri, and Prakash Loungani. |
| title_fullStr | Regional labor market adjustments in the United States / prepared by Mai Dao, Davide Furceri, and Prakash Loungani. |
| title_full_unstemmed | Regional labor market adjustments in the United States / prepared by Mai Dao, Davide Furceri, and Prakash Loungani. |
| title_short | Regional labor market adjustments in the United States / |
| title_sort | regional labor market adjustments in the united states |
| topic | Labor markets United States Econometric models. Labor demand United States Econometric models. Labor mobility United States Econometric models. Labor mobility Economic aspects United States Econometric models. Unemployment United States Econometric models. Regional economics United States Econometric models. Marché du travail États-Unis Modèles économétriques. Main-d'uvre Mobilité États-Unis Modèles économétriques. Main-d'uvre Mobilité Aspect économique États-Unis Modèles économétriques. Économie régionale États-Unis Modèles économétriques. BUSINESS & ECONOMICS Industries General. bisacsh Labor demand Econometric models fast Labor mobility Econometric models fast Regional economics Econometric models fast Unemployment Econometric models fast |
| topic_facet | Labor markets United States Econometric models. Labor demand United States Econometric models. Labor mobility United States Econometric models. Labor mobility Economic aspects United States Econometric models. Unemployment United States Econometric models. Regional economics United States Econometric models. Marché du travail États-Unis Modèles économétriques. Main-d'uvre Mobilité États-Unis Modèles économétriques. Main-d'uvre Mobilité Aspect économique États-Unis Modèles économétriques. Économie régionale États-Unis Modèles économétriques. BUSINESS & ECONOMICS Industries General. Labor demand Econometric models Labor mobility Econometric models Regional economics Econometric models Unemployment Econometric models United States |
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