EconPapers    
Economics at your fingertips  
 

Age cohort effects on unemployment in the US: Evidence from the regional level

Carsten Ochsen

No 165, Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics

Abstract: Since the early 1970s, it was argued that shifts from relatively smaller to larger youth cohorts in the labor force raise the unemploy- ment rate. In contrast, Shimer (2001) comes to a contrary conclusion using US state level data. I provide a theoretical framework for local labor markets that considers age cohort differences in labor market characteristics. Using a spatial panel data model and US county level data (2000-2014), the estimates provide strong evidence that aging of the working age population reduces overall unemployment by almost one percentage point. Long-run effects that consider local feedbacks are even larger.

Keywords: Regional Unemployment; Spatial Interactions; Aging; Panel Data; Spatial Model (search for similar items in EconPapers)
JEL-codes: C23 J10 J60 R12 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-age, nep-geo, nep-lab and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/226366/1/1740276191.pdf (application/pdf)

Related works:
Journal Article: Age cohort effects on unemployment in the USA: Evidence from the regional level (2021) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:roswps:165

Access Statistics for this paper

More papers in Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics (econstor@zbw-workspace.eu).

 
Page updated 2025-03-20
Handle: RePEc:zbw:roswps:165