22 research outputs found
Regional employment growth and the business cycle
Get PDFEmployment growth is highly correlated across regions. The author uses joint movements in regional employment growth to define and estimate a common factor, analogues to the business cycle. Regions differ substantially in the relative importance of cyclical shocks and idiosyncratic shocks in explaining the steady state variance in regional employment growth. For example, cyclical shocks account for almost 90 percent of the steady state variance in employment growth in the East South Central region and about 40 percent in the West South Central Region.Employment (Economic theory) ; Regional economics ; Business cycles
Employment growth: cyclical movements or structural change?
Get PDFIn judging the degree of slack in the economy, policymakers must determine the origin of any increase in the unemployment rate—specifically, how much of it is due to a cyclical slowdown (driven by the broader economy) as opposed to a structural realignment in production (driven by a shift in production from declining industries to expanding ones). The model developed in this article provides some insight into the sources and magnitude of structural change and its impact on the unemployment rate.Employment ; Business cycles
The self-employment duration of younger men over the business cycle
Get PDFSpells of self-employment for younger men are typically of short duration with slightly more than half lasting two years or less. This article examines factors that lead to longer durations, focusing on the role of cyclical factors in distinguishing entrepreneurs from discouraged wage workers.Self-employed ; Business cycles
Can sectoral labor reallocation explain the jobless recovery?
Get PDFLabor market ; Labor mobility ; Unemployment
