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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...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2014.
©2014 |
| Colección: | IMF working paper ;
WP/14/211. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Notas: | "November 2014." "Research Department." |
| Descripción Física: | 1 online resource (51 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 24-26). |
| ISBN: | 9781475565744 1475565747 1484315723 9781484315729 |