The Great Recession and Job Loss Spillovers

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 U.S. counties, the paper finds that job losses in a county’s tradable sectors cause further job losses in the county’s supporting services. For a given county, a 10 percent exogenous decline in tradable employment reduces supporting industries’ employment by 3.8 percent. In addition, a county’s regional supporting services are relatively less affected by its tradable job losses than its local supporting services are, which reinforces the argument that the spillovers are due to input-output linkages.

Bibliographic Details

Main Authors:	Rezaei, Shawheen, Nguyen, Ha, Agarwal, Divya
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2016-01
Subjects:	JOBS, UNEMPLOYMENT, EMPLOYMENT, NATIONAL BANKS, ACCOUNTING, WORKERS, PRODUCTION, WAGES, POLICIES, UNEMPLOYMENT RATE, EMPLOYMENT RESEARCH, INCOME, INTEREST, VALUE, BANK, EMPLOYMENT EFFECTS, SERVICE INDUSTRIES, CREDIT, INDUSTRY, MACROECONOMICS, INFORMATION, SERVICES, AGGREGATE DEMAND, HOUSING, PRIMARY SOURCE, JOB, EFFECTS, HUMAN RESOURCE MANAGEMENT, LABOR ECONOMICS, JOB CREATION, LABOR STATISTICS, FIRM SIZE, ECONOMICS, MANAGEMENT, JOB LOSSES, ECONOMIC ANALYSIS, ACCOUNTING SERVICES, SERVICE SECTORS, MANUFACTURING INDUSTRIES, SERVICE EMPLOYMENT, EXOGENOUS SHOCK, JOB DESTRUCTION, EMPLOYMENT LEVEL, HUMAN RESOURCE, LABOR MARKET, EXOGENOUS SHOCKS, HUMAN RESOURCES, TRANSPORT, WORKER, SUPPLY, OUTPUTS, HOUSEHOLD CONSUMPTION, PRODUCTIVITY, JOB LOSS, LENDING, ORGANIZATIONS, HOUSEHOLD INCOME, FACTORIES, LAID-OFF WORKERS, LABOR, GOVERNMENTS, TOTAL EMPLOYMENT, AGGREGATE EMPLOYMENT, INDUSTRIES, LONG-TERM UNEMPLOYMENT, PRICES, FINANCE, GOVERNMENT INTERVENTION, PAYROLL SERVICES, BANKS,
Online Access:	http://documents.worldbank.org/curated/en/2016/01/25818518/great-recession-job-loss-spillovers-impact-tradable-employment-shocks-supporting-services https://hdl.handle.net/10986/23715
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