The Long and Large Decline in State Employment Growth Volatility

Gerald Carlino, Robert Defina and Keith Sill

Journal of Money, Credit and Banking, 2013, vol. 45, issue 2‐3, 521-534

Abstract: This study documents a general decline in the volatility of employment growth during the period 1956–2002 and examines its possible sources. We use a panel design that exploits the considerable state‐level variation in volatility during the period. The roles of monetary policy, oil prices, industrial employment shifts, and a coincident index of business cycle variables are explored. Overall, these four variables taken together explain as much as 31% of the fluctuations in employment growth volatility. Individually, each of the four factors is found to have significantly contributed to fluctuations in employment growth volatility, although to differing degrees.

Date: 2013
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https://doi.org/10.1111/jmcb.12014

Related works:
Journal Article: The Long and Large Decline in State Employment Growth Volatility (2013)
Working Paper: The long and large decline in state employment growth volatility (2011)
Working Paper: The long and large decline in state employment growth volatility (2009)
Working Paper: The long and large decline in state employment growth volatility (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jmoncb:v:45:y:2013:i:2-3:p:521-534

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