Housing Booms, Manufacturing Decline and Labour Market Outcomes

Datos Bibliográficos

ID9715213
AutoresKerwin Kofi Charles (University of Chicago and NBER), Erik Hurst (0000-0003-3760-3051, University of Chicago and NBER), Matthew J Notowidigdo (Northwestern University and NBER), Matthew Notowidigdo (0009-0000-9742-5598, Northwestern University, autor de correspondencia)
Año2019
Volumen129
Número617
Páginas209-248
Fecha de publicación2019-01-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/ecoj.12598
OpenAlexW2891459586
IdiomaEN
Citas recibidas18
Referencias citadas21

We study how manufacturing decline and local housing booms contributed to changes in labour market outcomes during the 2000s, focusing on the distributional consequences across geographical areas and demographic groups. Using a local labour 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

Boom · Business · Economics · Labour economics · Environmental Science · Housing Market and Economics · Housing, Finance, and Neoliberalism · Regional Economics and Spatial Analysis