EconPapers    
Economics at your fingertips  
 

Convergence and Stability in U.S. Employment Rates

Rowthorn Robert () and Andrew Glyn
Additional contact information
Rowthorn Robert: University of Cambridge

The B.E. Journal of Macroeconomics, 2006, vol. 6, issue 1, 1-43

Abstract: Since the seminal work of Blanchard and Katz, it has been widely believed that interstate migration causes state-level employment rates in the United States to revert rapidly to normal following a regional employment shock. This paper identifies two sources of bias in conventional estimates of the dynamics of regional labor markets: small sample bias stemming from the use of short time series, and measurement error in survey based series for employment status at the state level. Estimates that use more reliable series and correct for these biases suggest little or no mean reversion in state-level employment rates. Thus the perception that U.S. regional labor markets are highly flexible appears to be incorrect.

Date: 2006
References: View complete reference list from CitEc
Citations: View citations in EconPapers (29) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.2202/1534-6005.1368 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
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:bpj:bejmac:v:contributions.6:y:2006:i:1:n:4

Ordering information: This journal article can be ordered from
https://www.degruyter.com/view/j/bejm

DOI: 10.2202/1534-6005.1368

Access Statistics for this article

The B.E. Journal of Macroeconomics is currently edited by Arpad Abraham and Tiago Cavalcanti

More articles in The B.E. Journal of Macroeconomics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

 
Page updated 2022-01-17
Handle: RePEc:bpj:bejmac:v:contributions.6:y:2006:i:1:n:4