Local Labor Market
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A Local Labor Market is a regional labor market whose range is a local economy.
- Example(s):
- a San Francisco Labor Market (of a San Francisco Economy).
- …
- Counter-Example(s):
- See: National Labor Market.
References
2016
- (Autor et al., 2016) ⇒ David H Autor, David Dorn, and Gordon H Hanson. (2016). “The China Shock: Learning from Labor-market Adjustment to Large Changes in Trade.” In: Annual Review of Economics, 8.
- QUOTE: China's emergence as a great economic power has induced an epochal shift in patterns of world trade. Simultaneously, it has challenged much of the received empirical wisdom about how labor markets adjust to trade shocks. Alongside the heralded consumer benefits of expanded trade are substantial adjustment costs and distributional consequences. These impacts are most visible in the local labor markets in which the industries exposed to foreign competition are concentrated. Adjustment in local labor markets is remarkably slow, with wages and labor-force participation rates remaining depressed and unemployment rates remaining elevated for at least a full decade after the China trade shock commences.
2013
- (David et al., 2013) ⇒ David H. Autor, David Dorn, and Gordon H Hanson. (2013). “Untangling Trade and Technology: Evidence from Local Labor Markets." ational Bureau of Economic Research, w18938. doi:10.3386/w18938
- QUOTE: We juxtapose the effects of trade and technology on employment in U.S. local labor markets between 1990 and 2007.