Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/246050 
Year of Publication: 
2021
Series/Report no.: 
Upjohn Institute Working Paper No. 20-335
Publisher: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Abstract: 
In this paper, estimates are presented on short-run effects of demand shocks on a local labor market's employment to population ratio (employment rate). Based on the estimates, commuting zones (CZs) better define a local labor market than counties, because both employment and employment rate effects exhibit large spillovers across counties within a CZ. In addition, the estimates suggest that demand shock effects vary, by an amount that is both statistically and substantively significant, with a CZ's prior overall employment rate.
Subjects: 
Local labor markets
distressed regions
job creation benefits
local labor demand
JEL: 
R23
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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