LEADER 08131oam 22014654 450 001 9910787442603321 005 20230803212552.0 010 $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(IMF)WPIEA2014211 035 $a(EXLCZ)993710000000335950 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRegional Labor Market Adjustments in the United States /$fMai Dao, Davide Furceri, Prakash Loungani 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (52 p.) 225 1 $aIMF Working Papers 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 3 $aWe examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2014/211 606 $aLabor market$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 606 $aLabor$2imf 606 $aDemography$2imf 606 $aEmigration and Immigration$2imf 606 $aForeign Exchange$2imf 606 $aWages, Compensation, and Labor Costs: General$2imf 606 $aInternational Migration$2imf 606 $aLabor Demand$2imf 606 $aDemand and Supply of Labor: General$2imf 606 $aEmployment$2imf 606 $aUnemployment$2imf 606 $aWages$2imf 606 $aIntergenerational Income Distribution$2imf 606 $aAggregate Human Capital$2imf 606 $aAggregate Labor Productivity$2imf 606 $aDemographic Economics: General$2imf 606 $aLabor Force and Employment, Size, and Structure$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aMigration, immigration & emigration$2imf 606 $aPopulation & demography$2imf 606 $aMigration$2imf 606 $aLabor demand$2imf 606 $aLabor markets$2imf 606 $aPopulation and demographics$2imf 606 $aLabor force$2imf 606 $aLabor market$2imf 606 $aEmigration and immigration$2imf 606 $aEconomic theory$2imf 606 $aPopulation$2imf 607 $aUnited States$2imf 615 0$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. 615 7$aLabor 615 7$aDemography 615 7$aEmigration and Immigration 615 7$aForeign Exchange 615 7$aWages, Compensation, and Labor Costs: General 615 7$aInternational Migration 615 7$aLabor Demand 615 7$aDemand and Supply of Labor: General 615 7$aEmployment 615 7$aUnemployment 615 7$aWages 615 7$aIntergenerational Income Distribution 615 7$aAggregate Human Capital 615 7$aAggregate Labor Productivity 615 7$aDemographic Economics: General 615 7$aLabor Force and Employment, Size, and Structure 615 7$aLabour 615 7$aincome economics 615 7$aMigration, immigration & emigration 615 7$aPopulation & demography 615 7$aMigration 615 7$aLabor demand 615 7$aLabor markets 615 7$aPopulation and demographics 615 7$aLabor force 615 7$aLabor market 615 7$aEmigration and immigration 615 7$aEconomic theory 615 7$aPopulation 676 $a331.120973 700 $aDao$b Mai$01463959 701 $aFurceri$b Davide$01157580 701 $aLoungani$b Prakash$01167752 712 02$aInternational Monetary Fund.$bResearch Department, 801 0$bDcWaIMF 906 $aBOOK 912 $a9910787442603321 996 $aRegional Labor Market Adjustments in the United States$93799907 997 $aUNINA