publication . Book . Research . 2016

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

Nguyen, Ha; Rezaei, Shawheen;
Open Access
  • Published: 22 Jan 2016
  • Publisher: The World Bank
  • Country: United States
Abstract
This paper explores the spillover effects of job losses via input linkages during the Great Recession. Exploiting exogenous variation in tradable employment shocks across U.S. counties, the paper finds that job losses in the tradable sectors cause further job losses in local supporting services. The result is not due to reverse causation, construction job losses, or credit shortages. In addition, the paper finds that logistic supporting services are relatively more affected by local tradable job losses, while professional supporting services, such as information technology and management consulting, are more affected by the job losses in neighboring counties.
Subjects
ACM Computing Classification System: ComputingMilieux_THECOMPUTINGPROFESSION
free text keywords: JOBS, 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, 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, FACTORIES, LAID-OFF WORKERS, LABOR, GOVERNMENTS, TOTAL EMPLOYMENT, AGGREGATE EMPLOYMENT, INDUSTRIES, LONG-TERM UNEMPLOYMENT, PRICES, FINANCE, GOVERNMENT INTERVENTION, PAYROLL SERVICES, BANKS, Shock (economics), Economic interventionism, Aggregate demand, Manufacturing, business.industry, business, Unemployment, media_common.quotation_subject, media_common, Labour economics, Spillover effect, Tertiary sector of the economy, Household income
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publication . Book . Research . 2016

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

Nguyen, Ha; Rezaei, Shawheen;