01685cas a2200265 a 4500 AALejournalIMF014817 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498302715 1018-5941 BD-DhAAL BD-DhAAL Dao, Mai. Regional Labor Market Adjustments in the United States / Mai Dao, Davide Furceri, Prakash Loungani. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (51 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Furceri, Davide. Loungani, Prakash. IMF Working Papers; Working Paper ; No. 2014/211 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/211/001.2014.issue-211-en.xml IMF e-Library