TY  - BOOK
AU  -  Stuart, Bryan A.
AU  - 2024
AU  - Hershbein, Brad
TI  - The Evolution of Local Labor Markets after Recessions
SN  - 1945-7782
PB  - American Economic Journal: Applied Economics
KW  -  Business Fluctuations
KW  -  Cycles, Labor Force and Employment, Size, and Structure, Wage Level and Structure
KW  -  Immigrant Workers, Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration
KW  -  Neighborhood Characteristics
KW  -  Regional Labor Markets
KW  - Population
N2  - This paper studies how US local labor markets respond to employment losses that occur during recessions. Following recessions from 1973 through 2009, we find areas that lose more jobs during the recession experience persistent relative declines in employment and population. Most importantly, these local labor markets also experience persistent decreases in the employment-population ratio, earnings per capita, and earnings per worker. Our results imply that limited population responses result in longer-lasting consequences for local labor markets than previously thought and that recessions are followed by persistent reallocation of employment across space
UR  - https://www.aeaweb.org/articles?id=10.1257/app.20220132
ER  -