LEADER 05867nam 2200793 450 001 9910460632303321 005 20200520144314.0 010 $a1-4843-1572-3 010 $a1-4755-6574-7 035 $a(CKB)3710000000335950 035 $a(EBL)1911885 035 $a(SSID)ssj0001436189 035 $a(PQKBManifestationID)11817166 035 $a(PQKBTitleCode)TC0001436189 035 $a(PQKBWorkID)11435161 035 $a(PQKB)11002956 035 $a(MiAaPQ)EBC1911885 035 $a(Au-PeEL)EBL1911885 035 $a(CaPaEBR)ebr11002614 035 $a(CaONFJC)MIL732281 035 $a(OCoLC)897123630 035 $a(EXLCZ)993710000000335950 100 $a20150120h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRegional labor market adjustments in the United States /$fMai Dao, Davide Furceri, and Prakash Loungani 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2014. 210 4$dİ2014 215 $a1 online resource (52 p.) 225 1 $aIMF Working Paper ;$vWP/14/211 300 $aDescription based upon print version of record. 311 $a1-4983-0271-8 311 $a1-336-00999-3 320 $aIncludes bibliographical references. 327 $aCover; 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 327 $a1. 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 327 $a2. 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 327 $a9. 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 327 $a15. 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 330 $aWe examine patterns of regional adjustments to shocks in the US during the past four decades.We find that the response of interstate migration to relative labor market conditions hasdecreased, while the role of the unemployment rate as absorber of regional shocks has increased.However, the response of net migration to regional shocks is stronger during aggregate downturnsand increased particularly during the Great Recession. We offer a potential explanation for thecyclical pattern of migration response based on the variation in consumption risk sharing. 410 0$aIMF working paper ;$vWP/14/211. 606 $aLabor market$zUnited States$xEconometric models 606 $aLabor demand$zUnited States$xEconometric models 606 $aLabor mobility$zUnited States$xEconometric models 606 $aLabor mobility$xEconomic aspects$zUnited States$xEconometric models 606 $aUnemployment$zUnited States$xEconometric models 606 $aRegional economics$zUnited States$xEconometric models 608 $aElectronic books. 615 0$aLabor market$xEconometric models. 615 0$aLabor demand$xEconometric models. 615 0$aLabor mobility$xEconometric models. 615 0$aLabor mobility$xEconomic aspects$xEconometric models. 615 0$aUnemployment$xEconometric models. 615 0$aRegional economics$xEconometric models. 676 $a331.120973 700 $aDao$b Mai$0871277 702 $aFurceri$b Davide 702 $aLoungani$b Prakash 712 02$aInternational Monetary Fund.$bResearch Department, 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910460632303321 996 $aRegional labor market adjustments in the United States$91944967 997 $aUNINA