U.S. Regional Poverty Post-2000: The Lost Decade
AbstractThe strong U.S. real income gains and reductions in poverty during the 1990s were largely erased in the following decade, which contained two economic recessions and tepid job growth otherwise. Areas most affected by weak U.S. economic performance could be expected to also have experienced the largest increases in poverty, particularly if interregional labor market adjustment is increasingly limited. We examine this issue, finding that not only was regional poverty affected by regional labor demand shocks, the effect was stronger post-2000, particularly in the long run. Consistent with the poverty results are findings of greater post-2000 regional labor demand effects on employment rates and reduced population adjustments to asymmetric labor demand shocks.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48528.
Date of creation: 21 Jul 2013
Date of revision:
US Poverty; Spatial Equilibrium; Great Recession;
Find related papers by JEL classification:
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-08-05 (All new papers)
- NEP-GEO-2013-08-05 (Economic Geography)
- NEP-PKE-2013-08-05 (Post Keynesian Economics)
- NEP-URE-2013-08-05 (Urban & Real Estate Economics)
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