Skip to main content
Erschienen in: The Annals of Regional Science 3/2022

18.01.2022 | Original Paper

The great recession and job loss spillovers: impact of tradable employment shocks on supporting services

verfasst von: Ha Nguyen, Shawheen Rezaei, Divya Agarwal

Erschienen in: The Annals of Regional Science | Ausgabe 3/2022

Einloggen

Aktivieren Sie unsere intelligente Suche um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

This paper explores the spillover effects of job losses via input–output linkages during the Great Recession. Exploiting exogenous variation in tradable employment shocks across US counties, the paper finds that job losses in a county’s tradable industries cause further job losses in the county’s supporting services. A 10% exogenous decline in tradable employment reduces supporting industries’ employment by 3.1%. In addition, a county’s regional supporting services are relatively less affected by its tradable job losses than its local supporting services, reinforcing the argument that the spillovers are due to input–output linkages.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Anhänge
Nur mit Berechtigung zugänglich
Fußnoten
1
The detailed list of supporting service sectors is in Sect. 4.
 
2
See Goldsmith-Pinkham (2020) for a recent analysis of the Bartik instrument, in which they argue the instrument is equivalent to using local industry shares as instruments. See Sect. 6.1 for a detailed discussion in this paper’s context.
 
3
Of course, our assumption is more valid during a relatively short period of time. Over the long run, there can be significant changes in the capital share. For example, Graetz and Michaels (2018) document a secular growth in robot use in the economy.
 
Literatur
Zurück zum Zitat Acemoglu D, Autor D, Dorn D, Hanson GH, Price B (2016) Import competition and the great U.S. employment sag of the 2000s. J Law Econ 34:141–198 Acemoglu D, Autor D, Dorn D, Hanson GH, Price B (2016) Import competition and the great U.S. employment sag of the 2000s. J Law Econ 34:141–198
Zurück zum Zitat Bartik TJ (1991) Who benefits from state and local economic development policies? W.E. Upjohn Institute for Employment Research, Kalamazoo, MI Bartik TJ (1991) Who benefits from state and local economic development policies? W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Zurück zum Zitat Bernard A, Moxnes A (2018) Networks and trade. Ann Rev Econ 10(1):65–85 CrossRef Bernard A, Moxnes A (2018) Networks and trade. Ann Rev Econ 10(1):65–85 CrossRef
Zurück zum Zitat Blanchard O, Katz LF (1992) Regional evolutions. Brook Papers Econ Activity, Econ Stud Prog Brook Inst 23(1):1–76 Blanchard O, Katz LF (1992) Regional evolutions. Brook Papers Econ Activity, Econ Stud Prog Brook Inst 23(1):1–76
Zurück zum Zitat Boldrin M, Garriga C, Peralta-Alva A, Sanchez JM (2020) Reconstructing the great recession. Rev Federal Reser Bank St Louis 102(3):271–311 Boldrin M, Garriga C, Peralta-Alva A, Sanchez JM (2020) Reconstructing the great recession. Rev Federal Reser Bank St Louis 102(3):271–311
Zurück zum Zitat Debaere P, Görg H, Raff H (2013) Greasing the wheels of international commerce: how services facilitate firms’ international sourcing. Can J Econ 46:78–102 CrossRef Debaere P, Görg H, Raff H (2013) Greasing the wheels of international commerce: how services facilitate firms’ international sourcing. Can J Econ 46:78–102 CrossRef
Zurück zum Zitat Foster L, Grim C, Haltiwanger J (2016) Reallocation in the great recession: cleansing or not? J Law Econ 34:293–331 Foster L, Grim C, Haltiwanger J (2016) Reallocation in the great recession: cleansing or not? J Law Econ 34:293–331
Zurück zum Zitat Goldsmith-Pinkham P, Isaac S, Henry S (2020) Bartik instruments: what, when, why, and how. Am Econ Rev 110(8):2586–2624 CrossRef Goldsmith-Pinkham P, Isaac S, Henry S (2020) Bartik instruments: what, when, why, and how. Am Econ Rev 110(8):2586–2624 CrossRef
Zurück zum Zitat Graetz G, Michaels G (2018) Robots at work. Rev Econ Stat 100(5):753–768 CrossRef Graetz G, Michaels G (2018) Robots at work. Rev Econ Stat 100(5):753–768 CrossRef
Zurück zum Zitat Hoffmann F, Lemieux T (2016) Unemployment in the great recession: a comparison of Germany, Canada and the United States. J Law Econ 34:95–139 Hoffmann F, Lemieux T (2016) Unemployment in the great recession: a comparison of Germany, Canada and the United States. J Law Econ 34:95–139
Zurück zum Zitat Kroft K, Fabian L, Matthew JN, Lawrence FK (2016) Long-term unemployment and the great recession: the role of composition, duration dependence, and nonparticipation. J Labor Econ Univ Chicago Press 34(S1):S7–S54 CrossRef Kroft K, Fabian L, Matthew JN, Lawrence FK (2016) Long-term unemployment and the great recession: the role of composition, duration dependence, and nonparticipation. J Labor Econ Univ Chicago Press 34(S1):S7–S54 CrossRef
Zurück zum Zitat Li N, Vance M (2019) Real sectoral spillovers: a dynamic factor analysis of the great recession. J Monetary Econ 107(C):77–95 CrossRef Li N, Vance M (2019) Real sectoral spillovers: a dynamic factor analysis of the great recession. J Monetary Econ 107(C):77–95 CrossRef
Zurück zum Zitat Mian A, Sufi A (2014) What explains the 2007–2009 drop in employment? Econometrica 82(6):2197–2223 CrossRef Mian A, Sufi A (2014) What explains the 2007–2009 drop in employment? Econometrica 82(6):2197–2223 CrossRef
Zurück zum Zitat Mian A, Rao K, Sufi A (2013) Household balance sheets, consumption, and the economic slump. Quart J Econ 128(4):1687–1726 CrossRef Mian A, Rao K, Sufi A (2013) Household balance sheets, consumption, and the economic slump. Quart J Econ 128(4):1687–1726 CrossRef
Zurück zum Zitat Moretti E (2010) Local multipliers. Am Econ Rev Papers Proc 100:1–7 CrossRef Moretti E (2010) Local multipliers. Am Econ Rev Papers Proc 100:1–7 CrossRef
Zurück zum Zitat Nguyen H (2015) Demand-driven propagation: evidence from the great recession, World Bank Policy Research Working Paper 7456 Nguyen H (2015) Demand-driven propagation: evidence from the great recession, World Bank Policy Research Working Paper 7456
Zurück zum Zitat Ohanian L (2011) Accounting for the great recession: why and how did the 2007–2009 U.S. recession differ from all others? Economic Policy Paper 11–1, Federal Reserve Bank of Minneapolis Ohanian L (2011) Accounting for the great recession: why and how did the 2007–2009 U.S. recession differ from all others? Economic Policy Paper 11–1, Federal Reserve Bank of Minneapolis
Metadaten
Titel
The great recession and job loss spillovers: impact of tradable employment shocks on supporting services
verfasst von
Ha Nguyen
Shawheen Rezaei
Divya Agarwal
Publikationsdatum
18.01.2022
Verlag
Springer Berlin Heidelberg
Erschienen in
The Annals of Regional Science / Ausgabe 3/2022
Print ISSN: 0570-1864
Elektronische ISSN: 1432-0592
DOI
https://doi.org/10.1007/s00168-021-01104-8

Weitere Artikel der Ausgabe 3/2022

The Annals of Regional Science 3/2022 Zur Ausgabe