The persistence of local joblessness
Michael Amior and
Alan Manning ()
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
Local differences in US employment-population ratios and unemployment rates have persisted over many decades. Using decennial census data from 1950-2010, we investigate the reasons for this. The persistence cannot be explained by permanent differences in amenities, local demographic composition or the propensity of women to work. Population does respond strongly to differences in economic fortunes, although these movements are not large enough to eliminate shocks within a decade. Over the longer run, persistence in local joblessness is largely explained by serial correlation in the demand shocks themselves.
Keywords: Local labor markets; unemployment; inactivity; internal migration; commuting (search for similar items in EconPapers)
JEL-codes: J61 J64 R23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-lab and nep-ure
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http://eprints.lse.ac.uk/62590/ Open access version. (application/pdf)
Journal Article: The Persistence of Local Joblessness (2018)
Working Paper: The persistence of local joblessness (2018)
Working Paper: The Persistence of Local Joblessness (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:62590
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