The persistence of local joblessness

Amior, Michael and Manning, Alan ORCID: 0000-0002-7884-3580 (2015) The persistence of local joblessness. CEP Discussion Papers (CEPDP1357). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

Local differences in US employment-population ratios and unemployment rates have persisted over many decades. Using decennial census data from 1950-2010, we investigate the reasons for this. The persistence cannot be explained by permanent differences in amenities, local demographic composition or the propensity of women to work. Population does respond strongly to differences in economic fortunes, although these movements are not large enough to eliminate shocks within a decade. Over the longer run, persistence in local joblessness is largely explained by serial correlation in the demand shocks themselves.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk/_new/publications/series.asp?...
Additional Information:	©2015 The Authors
Divisions:	Economics Centre for Economic Performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HE Transportation and Communications H Social Sciences > HN Social history and conditions. Social problems. Social reform J Political Science > JV Colonies and colonization. Emigration and immigration. International migration
JEL classification:	J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J61 - Geographic Labor Mobility; Immigrant Workers J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J64 - Unemployment: Models, Duration, Incidence, and Job Search R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R23 - Regional Migration; Regional Labor Markets; Population
Date Deposited:	30 Jun 2015 16:56
Last Modified:	11 Dec 2024 19:18
Funders:	Economic and Social Research Council
URI:	http://eprints.lse.ac.uk/id/eprint/62590

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