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 ef...
| Main Authors: | , , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Washington, DC
2014
IMF |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19110643124919388259-Regional-labor-market-adjustme.htm |
| _version_ | 1771659892844658688 |
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| author | Dao, Mai Furceri, Davide Loungani, Prakash |
| author_facet | Dao, Mai Furceri, Davide Loungani, Prakash |
| collection | Library items |
| description | "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." |
| format | TEXT |
| geographic | Europe USA |
| id | 19110643124919388259_df493df8988345bea12d6e68ab221f86 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19110643124919388259_df493df8988345bea12d6e68ab221f86 |
| is_hierarchy_title | Regional labor market adjustments in the United States and Europe |
| language | English |
| physical | 36 p. Digital |
| publishDate | 2014 |
| publisher | Washington, DC IMF |
| spellingShingle | Dao, Mai Furceri, Davide Loungani, Prakash comparison labour market analysis labour mobility migration labour market policy Regional labor market adjustments in the United States and Europe |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=109572492775 |
| title | Regional labor market adjustments in the United States and Europe |
| topic | comparison labour market analysis labour mobility migration labour market policy |
| url | https://www.labourline.org/KENTIKA-19110643124919388259-Regional-labor-market-adjustme.htm |