Chapter 13 Regional labor market analysis
This chapter focuses on regional labor market analysis. Regional labor market analysis entails a synthesis of economic and demographic modeling. Migration alters population levels, and thus together with labor force participation rates determines labor supply. Population change also affects demand for goods and services within the region, thereby affecting the demand for labor. Together labor supply and demand determine wage, unemployment, and employment levels, which, in turn, have an effect on migration. Given these interdependencies and the spatial context of regional growth, regional labor market analysis draws on concepts and approaches from applied econometrics, macroeconomics, labor economics, and quantitative geography, as well as regional economics and demography. Functional labor market regions are usually preferred on theoretical grounds, although there are several drawbacks with this concept in practical modeling situations. The chapter provides discusses the theoretical foundations and modeling approaches involved in studying labor force supply, labor force demand, and wage determination. It also presents concluding observations regarding the proper treatment of labor market conditions within economic models intended for policy analysis.
Year of publication: |
1987
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Authors: | Isserman, Andrew ; Taylor, Carol ; Gerking, Shelby ; Schubert, Uwe |
Published in: |
Handbook of regional and urban economics : volume 1, Regional economics. - Amsterdam : North-Holland, ISBN 0-444-87969-2. - 1987, p. 543-580
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