Measuring Local Job Distress
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Measuring Local Job Distress
Author | : Timothy J. Bartik |
Publisher | : |
Total Pages | : 34 |
Release | : 2021 |
Genre | : Commuting |
ISBN | : |
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In this paper, estimates are presented on short-run effects of demand shocks on a local labor market’s employment to population ratio (employment rate). Based on the estimates, commuting zones (CZs) better define a local labor market than counties, because both employment and employment rate effects exhibit large spillovers across counties within a CZ. In addition, the estimates suggest that demand shock effects vary, by an amount that is both statistically and substantively significant, with a CZ’s prior overall employment rate.
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