We 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 hasdecreased, while the role of the unemployment rate as absorber of regional shocks has increased.However, the...

We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run...

We 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...

We 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...

We examine the impact of real exchange rate fluctuations on sectoral and regional employment in China from 1980 to 2008. In contrast to theoretical predictions, employment in both the tradable and non-tradable sectors contracts following a real appreciation. Our results are robust across...

This paper uses a dynamic economy model, with unionized labor markets, to analyze the effects of labor market reforms, similar to those recently introduced in Germany, on the domestic and trading partner economies. The model is calibrated on Germany and the rest of the Euro area. The results...

Recessions leave scars on the labor market. Over 200 million people across the globe are estimated to be unemployed at present resulting from the Great Recession of 2007–09. We assess the human cost of increased unemployment by surveying what is known about the effects of past recessions. If...

This paper studies the causal impacts of vaccine eligibility on social distancing behaviors (risk compensation). We apply a regression discontinuity design around the birth date cutoff of vaccine eligibility using large, high-frequency data from credit card and airline companies as well as...

Unexpected longevity can bring economic hardship to the elderly and affect the young through intergenerational policies. This paper studies the dynamic effects of longevity on policies and fertility, distinguishing between those of expected and unexpected longevity gains. In an...

Sex ratio at birth remains highly skewed in many Asian countries due to son preference. The ratio in South Korea, however, has declined from 1990 and reached the natural range in 2007. This paper studies over-time changes in child gender effects on parental behaviors during the period of...