Regional Labor Market Adjustments in the United States

Online-Ressource (52 p)

IMF Working Papers ; v.Working Paper No. 14/211

Description based upon print version of record

Cover; 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

1. 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

2. 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

9. 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

15. 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

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