Employment Multipliers over the Business Cycle
This paper estimates dynamic employment multipliers in a U.S. county during 1998-2015. On average, one exogenous tradable job gain creates 1.1 jobs in the rest of the county economy in the same year, but is offset by losses of 0.23 job one year later and 0.32 job two years later. The multiplier is modest during the 2002-2007 boom and is large during the Great Recession. It is smaller in the initial years of the Recovery but is larger in the latter years. Uncertainty and credit constraints are two possible hindrances to the propagation of job gains during the Recovery.
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| Format: | Working Paper biblioteca |
| Language: | English en_US |
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World Bank, Washington, DC
2017-06
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| Subjects: | EMPLOYMENT, BUSINESS CYCLES, |
| Online Access: | http://documents.worldbank.org/curated/en/186281497883831608/Employment-multipliers-over-the-business-cycle https://hdl.handle.net/10986/27306 |
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dig-okr-10986273062024-08-09T08:47:47Z Employment Multipliers over the Business Cycle Soh, Jiaming Nguyen, Ha EMPLOYMENT BUSINESS CYCLES This paper estimates dynamic employment multipliers in a U.S. county during 1998-2015. On average, one exogenous tradable job gain creates 1.1 jobs in the rest of the county economy in the same year, but is offset by losses of 0.23 job one year later and 0.32 job two years later. The multiplier is modest during the 2002-2007 boom and is large during the Great Recession. It is smaller in the initial years of the Recovery but is larger in the latter years. Uncertainty and credit constraints are two possible hindrances to the propagation of job gains during the Recovery. 2017-06-21T20:41:48Z 2017-06-21T20:41:48Z 2017-06 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/186281497883831608/Employment-multipliers-over-the-business-cycle https://hdl.handle.net/10986/27306 English en_US Policy Research Working Paper;No. 8105 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf World Bank, Washington, DC |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
EMPLOYMENT BUSINESS CYCLES EMPLOYMENT BUSINESS CYCLES |
| spellingShingle |
EMPLOYMENT BUSINESS CYCLES EMPLOYMENT BUSINESS CYCLES Soh, Jiaming Nguyen, Ha Employment Multipliers over the Business Cycle |
| description |
This paper estimates dynamic employment
multipliers in a U.S. county during 1998-2015. On average,
one exogenous tradable job gain creates 1.1 jobs in the rest
of the county economy in the same year, but is offset by
losses of 0.23 job one year later and 0.32 job two years
later. The multiplier is modest during the 2002-2007 boom
and is large during the Great Recession. It is smaller in
the initial years of the Recovery but is larger in the
latter years. Uncertainty and credit constraints are two
possible hindrances to the propagation of job gains during
the Recovery. |
| format |
Working Paper |
| topic_facet |
EMPLOYMENT BUSINESS CYCLES |
| author |
Soh, Jiaming Nguyen, Ha |
| author_facet |
Soh, Jiaming Nguyen, Ha |
| author_sort |
Soh, Jiaming |
| title |
Employment Multipliers over the Business Cycle |
| title_short |
Employment Multipliers over the Business Cycle |
| title_full |
Employment Multipliers over the Business Cycle |
| title_fullStr |
Employment Multipliers over the Business Cycle |
| title_full_unstemmed |
Employment Multipliers over the Business Cycle |
| title_sort |
employment multipliers over the business cycle |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017-06 |
| url |
http://documents.worldbank.org/curated/en/186281497883831608/Employment-multipliers-over-the-business-cycle https://hdl.handle.net/10986/27306 |
| work_keys_str_mv |
AT sohjiaming employmentmultipliersoverthebusinesscycle AT nguyenha employmentmultipliersoverthebusinesscycle |
| _version_ |
1807154147609280512 |