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Discordant city employment cycles

Author

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

Abstract

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 and mean establishment size have tended to have more-similar employment cycles.

Suggested Citation

  • Owyang, Michael T. & Piger, Jeremy & Wall, Howard J., 2010. "Discordant city employment cycles," MPRA Paper 30757, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:30757
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    References listed on IDEAS

    as
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    Cited by:

    1. Rui Pereira, 2014. "Okun’s law, asymmetries and regional spillovers: evidence from Virginia metropolitan statistical areas and the District of Columbia," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 52(2), pages 583-595, March.
    2. Scott W Hegerty, 2015. "Dollar depreciations and monthly local employment in three Midwestern states: Evidence from time-series and cointegration analysis," Economics Bulletin, AccessEcon, vol. 35(1), pages 291-297.
    3. Wall, Howard J., 2013. "The employment cycles of neighboring cities," Regional Science and Urban Economics, Elsevier, vol. 43(1), pages 177-185.

    More about this item

    Keywords

    City Employment Cycles;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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