Identifying regional labor demand shocks using sign restrictions

We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states. Observed migration responds significantly, but less persistently than the residual-based migration measure constructed by Blanchard and Katz (1992).

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Year of publication:	2012
Authors:	Juessen, Falko ; Linnemann, Ludger
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Arbeitsnachfrage \| Schock \| Regionaler Arbeitsmarkt \| Binnenwanderung \| Schätzung \| USA \| regional labor markets \| migration \| panel VAR \| sign restrictions

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Series:	IZA Discussion Papers ; 6767
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	721241204 [GVK] hdl:10419/62382 [Handle]
Classification:	E24 - Employment; Unemployment; Wages ; R11 - Regional Economic Activity: Growth, Development, and Changes ; C33 - Models with Panel Data ; C32 - Time-Series Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10010287601