Housing booms, manufacturing decline, and labor market outcomes.

Autor/inn/en	Charles, Kerwin Kofi; Hurst, Erik; Notowidigdo, Matthew J.
Titel	Housing booms, manufacturing decline, and labor market outcomes. Gefälligkeitsübersetzung: Immobilienboom, Deindustrialisierung und der Arbeitsmarkt.
Quelle	In: The economic journal, 129 (2019) 617, S. 209-248 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0013-0133; 1468-0297
DOI	10.1111/ecoj.12598
Schlagwörter	Beschäftigungseffekt; Immobilienmarkt; Nachfrageentwicklung; Wirtschaftsentwicklung; Wirtschaftswachstum; Arbeitsplatzabbau; Qualifikation; Regionaler Arbeitsmarkt; Baugewerbe; Zusätzlicher Arbeitsplatz; Auswirkung; Regionaler Vergleich; USA
Abstract	"We study how manufacturing decline and local housing booms contributed to changes in labor market outcomes during the 2000s, focusing on the distributional consequences across geographical areas and demographic groups. Using a local labor markets design, we estimate that manufacturing decline significantly reduced employment between 2000 and 2006, while local housing booms increased employment. These results suggest that housing booms 'masked' employment declines that would have occurred earlier in the absence of the booms. This 'masking' occurred both within and between cities and demographic groups. We find that roughly 40% of the reduction in employment during the 2000s can be attributed to manufacturing decline and that these negative effects would have appeared earlier had it not been for the large, temporary increases in housing demand." (Author's abstract, Published by arrangement with John Wiley & Sons).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2018/3