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Discordant city employment cycles

  • Owyang, Michael T.
  • Piger, Jeremy
  • Wall, Howard J.

This paper estimates city-level employment cycles for 58 large U.S. cities and documents the substantial cross-city variation in the timing, lengths, and frequencies of their employment contractions. It also shows how the spread of city-level contractions associated with U.S. recessions has tended to follow recession-specific geographic patterns. In addition, cities within the same state or region have tended to have similar employment cycles. We find no evidence that similarities in employment cycles are related to similarities in industry mix, although cities with more-similar high school attainment, mean establishment size, and industrial diversity have tended to have more-similar employment cycles.

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File URL: http://www.sciencedirect.com/science/article/pii/S0166046212000877
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Article provided by Elsevier in its journal Regional Science and Urban Economics.

Volume (Year): 43 (2013)
Issue (Month): 2 ()
Pages: 367-384

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Handle: RePEc:eee:regeco:v:43:y:2013:i:2:p:367-384
DOI: 10.1016/j.regsciurbeco.2012.09.004
Contact details of provider: Web page: http://www.elsevier.com/locate/regec

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  2. Michael T. Owyang & Jeremy Piger & Howard J. Wall, 2005. "Business Cycle Phases in U.S. States," The Review of Economics and Statistics, MIT Press, vol. 87(4), pages 604-616, November.
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