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:	2012-07
Authors:	Juessen, Falko ; Linnemann, Ludger
Institutions:	Institute for the Study of Labor (IZA)
Subject:	regional labor markets \| migration \| panel VAR \| sign restrictions

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 6767 10 pages
Classification:	E24 - Employment; Unemployment; Wages ; R11 - Regional Economic Activity: Growth, Development, and Changes ; C33 - Models with Panel Data ; C32 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010884319