Regional Labor Market Adjustments in the United States
Regional Labor Market Adjustments in the United States

Author: Mai Dao

Publisher: International Monetary Fund

Published: 2014-11-25

Total Pages: 51

ISBN-13: 1498380433

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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.

Labour Market Adjustment
Labour Market Adjustment

Author: Christopher A. Pissarides

Publisher: Cambridge University Press

Published: 1976

Total Pages: 278

ISBN-13: 9780521210645

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Labour economics textbook on labour market adjustment - develops a short-run dynamic system for the economic analysis of problems related to disequilibrium trading, inflation, unemployment, etc., and discussess various aspects of job searching. Bibliography pp. 249 to 254, diagrams, graphs and references.

Labor markets in an era of adjustment : an overview
Labor markets in an era of adjustment : an overview

Author: Susan Horton

Publisher: World Bank Publications

Published: 1991

Total Pages: 86

ISBN-13:

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This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations across sectors have been more or less in the desired direction, and (3) the role of labor unions, generally supposed to be an impediment to adjustment, is more subtle than generally supposed.

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

Author: Mai Dao

Publisher: International Monetary Fund

Published: 2014-02-11

Total Pages: 38

ISBN-13: 1475598599

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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.