This paper estimates that long-run changes in a county's prime-age employment rate are significantly affected by labor … more to CZ demand shocks than county demand shocks. A lower preexisting county employment rate increases the effects of CZ … demand shocks. Simulations suggest that low prior employment rate CZs, versus higher-rate CZs, will have much larger …

. Local labor markets that experience greater employment losses during recessions face persistent relative decreases in …

distribution, entry and exit, and employment. By exploiting the fact that firms can only use the available credit with suppliers … formal employment between 6.7% and 10.3%. This increase in employment is driven by the increase in the average size of firms …

in labor market indicators such us unemployment and labor informality. We document that robots mainly replace formal … salaried jobs, affecting young and semi-skilled workers to a greater extent, and that informal employment acts as a buffer that …

This paper estimates that long-run changes in a county’s prime-age employment rate are significantly affected by labor … more to CZ demand shocks than county demand shocks. A lower preexisting county employment rate increases the effects of CZ … demand shocks. Simulations suggest that low prior employment rate CZs, versus higher-rate CZs, will have much larger …