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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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| 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 |
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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 |
| _version_ |
1764454613883289600 |