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Alan Manning, LSE Print
Wednesday, 10 May 2017, 16:30 - 18:00

Joint with NBB, KUL, UA, UCL, UGhent, UHasselt, ULB, ULg and UMons

Alan Manning, London School of Economics

The Persistence of Local Joblessness

Abstract:  Local differences in employment-population ratios across US commuting zones have persisted for many decades. We claim these disparities represent real gaps in economic opportunity for individuals of fixed characteristics. These gaps persist despite a strong migratory response, and we attribute this to high persistence in labor demand shocks. These trends generate a “race” between local employment and population: population always lags behind employment, yielding persistent deviations in employment rates. Methodologically, we argue the employment rate can serve as a sufficient statistic for local wellbeing; and we model population and employment dynamics using an error correction mechanism, which explicitly allows for disequilibrium.

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Location: NBB-Room A1, Entrance: Warmoesberg 61, 1000 Brussels
Contact: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Please reply by email to Nbbfirmanalysis.Seminar@nbb.be if you wish to participate. Please include name and car plate number for access the NBB Parking Warmoesberg 41.

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