The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services

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’...

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Main Authors: Nguyen, Ha, Rezaei, Shawheen, Agarwal, Divya
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2016/01/25818518/great-recession-job-loss-spillovers-impact-tradable-employment-shocks-supporting-services
http://hdl.handle.net/10986/23715
id okr-10986-23715
recordtype oai_dc
spelling okr-10986-237152021-06-14T10:19:21Z The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services Nguyen, Ha Rezaei, Shawheen Agarwal, Divya 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 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. 2016-02-02T23:00:25Z 2016-02-02T23:00:25Z 2016-01 Working Paper http://documents.worldbank.org/curated/en/2016/01/25818518/great-recession-job-loss-spillovers-impact-tradable-employment-shocks-supporting-services http://hdl.handle.net/10986/23715 English en_US Policy Research Working Paper;No. 7543 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper United States
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic 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
spellingShingle 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
Nguyen, Ha
Rezaei, Shawheen
Agarwal, Divya
The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services
geographic_facet United States
relation Policy Research Working Paper;No. 7543
description 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.
format Working Paper
author Nguyen, Ha
Rezaei, Shawheen
Agarwal, Divya
author_facet Nguyen, Ha
Rezaei, Shawheen
Agarwal, Divya
author_sort Nguyen, Ha
title The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services
title_short The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services
title_full The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services
title_fullStr The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services
title_full_unstemmed The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services
title_sort great recession and job loss spillovers : impact of tradable employment shocks on supporting services
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/2016/01/25818518/great-recession-job-loss-spillovers-impact-tradable-employment-shocks-supporting-services
http://hdl.handle.net/10986/23715
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