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 lat...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/186281497883831608/Employment-multipliers-over-the-business-cycle http://hdl.handle.net/10986/27306 |
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okr-10986-273062021-06-08T14:42:47Z Employment Multipliers over the Business Cycle Nguyen, Ha Soh, Jiaming 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 http://documents.worldbank.org/curated/en/186281497883831608/Employment-multipliers-over-the-business-cycle http://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 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 |
EMPLOYMENT BUSINESS CYCLES |
| spellingShingle |
EMPLOYMENT BUSINESS CYCLES Nguyen, Ha Soh, Jiaming Employment Multipliers over the Business Cycle |
| geographic_facet |
United States |
| relation |
Policy Research Working Paper;No. 8105 |
| 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 |
| author |
Nguyen, Ha Soh, Jiaming |
| author_facet |
Nguyen, Ha Soh, Jiaming |
| author_sort |
Nguyen, Ha |
| 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 |
| url |
http://documents.worldbank.org/curated/en/186281497883831608/Employment-multipliers-over-the-business-cycle http://hdl.handle.net/10986/27306 |
| _version_ |
1764464286230380544 |