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

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File URL: http://mpra.ub.uni-muenchen.de/30757/1/MPRA_paper_30757.pdf
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File URL: http://mpra.ub.uni-muenchen.de/41053/2/Discordant_City_Employment_Cycles_08-16-12.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 30757.

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Date of creation: 12 Aug 2010
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Handle: RePEc:pra:mprapa:30757
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  13. Michael T. Owyang & Jeremy M. Piger & Howard J. Wall, 2007. "A state-level analysis of the Great Moderation," Working Papers 2007-003, Federal Reserve Bank of St. Louis.
  14. Kristie M. Engemann & Howard J. Wall, 2010. "The effects of recessions across demographic groups," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 1-26.
  15. Holger C. Wolf, 2000. "Intranational Home Bias In Trade," The Review of Economics and Statistics, MIT Press, vol. 82(4), pages 555-563, November.
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  24. Chang, Sheng-Wen & Coulson, N. Edward, 2001. "Sources of Sectoral Employment Fluctuations in Central Cities and Suburbs: Evidence from Four Eastern U.S. Cities," Journal of Urban Economics, Elsevier, vol. 49(2), pages 199-218, March.
  25. Harding, Don & Pagan, Adrian, 2006. "Synchronization of cycles," Journal of Econometrics, Elsevier, vol. 132(1), pages 59-79, May.
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