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Technology Shocks, Labour Mobility and Aggregate Fluctuations
2014
We provide evidence regarding the dynamic behaviour of net labour flows across U.S. states in response to a positive technology shock. Technology shocks are identified as disturbances that increase relative state productivity in the long run for 226 state pairs, encompassing 80 per cent of labour flows across U.S. states in the 1976 - 2008 period. The data suggest heterogeneous responses of both employment and net labour flows across states, conditional on a positive technology shock. We build
doi:10.34989/wp-2014-4
fatcat:svq6dsfxgvamjbjpaheudlvhlu