Regional Labor Market Adjustments in the United States /

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 respon...

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Bibliographic Details
Main Author: Dao, Mai
Other Authors: Furceri, Davide, Loungani, Prakash
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2014/211
Online Access:Full text available on IMF
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520 3 |a 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 response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing. 
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700 1 |a Furceri, Davide. 
700 1 |a Loungani, Prakash. 
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