The Persistence of Local Joblessness

By M. Amior, Alan Manning. The American Economic Review, 2018

129 citations recorded by the source corpus.

Differences in employment-population ratios across US commuting zones have persisted for many decades. We claim these disparities represent real gaps in economic opportunity for individuals of fixed characteristics. These gaps persist despite a strong migratory response, and we attribute this to high persistence in labor demand shocks. These trends generate a “race” between local employment and population: population always lags behind employment, yielding persistent deviations in employment rates. Methodologically, we argue the employment rate can serve as a sufficient statistic for local well-being; and we model population and employment dynamics using an error correction mechanism, which explicitly allows for disequilibrium. (JEL J21, J61, J64, R23)

Subfields: Economics and Econometrics, Sociology and Political Science, Transportation

View Paper: https://www.semanticscholar.org/paper/18999ddbf54625d123689ee11f22d7d3b36da98e

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Citations in the corpus

Mismatch Unemployment and the Geography of Job Search (2018, unknown): “Diamond, 2015) and to explore the sources of differences in unemployment rates across states (e.g. Herz and Van Rens, 2015; Amior and Manning, 2015).”
The Impact of Immigration: Why Do Studies Reach Such Different Results? (2016, background): “Indeed, Bound and Holzer (2000) find that skilled workers are more likely to move in response to a local shock, as do Wozniak (2010), Notowidigdo (2011), Amior and Manning (2015), and ourselves in Dustmann, Schönberg, and Stuhler (2016).”