About 5 percent of U.S. workers hold multiple jobs, which can exacerbate or mitigate employment changes over the … business cycle. Theory is ambiguous and prior literature is not fully conclusive. We examine the relationship between multiple …

This paper studies how U.S. local labor markets respond to employment losses that occur during recessions. Following … declines in employment and population. Most importantly, these local labor markets also experience persistent decreases in the … employment-population ratio, earnings per capita, and earnings per worker. Our results imply that limited population responses …

that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … opposite directions while a shock to the net flow from not in the labour force to unemployment drives the rates in the same …

-induced declines in employment are permanent, suggesting that local areas experience permanent declines in labor demand relative to … less-affected areas. Population also falls, primarily due to reduced in-migration, but by less than employment. As a result …, recessions generate long-lasting hysteresis: persistent decreases in the employment-to-population ratio and earnings per capita …

extensive-margin labor supply elasticity. A calibration of the model to macro data not only matches employment and participation …