THE IMPACT OF SPECIFIC‐SECTOR CHANGES IN EMPLOYMENT ON ECONOMIC GROWTH, LABOR MARKET PERFORMANCE AND MIGRATION
通过可计算一般均衡模型,分析高工资、中等工资和低工资部门就业扩张对小型城市的经济增长、税收、移民和收入分配的不同影响,强调分部门建模的重要性。
ABSTRACT It is common in empirical regional economics to use total employment as an explanatory variable while investigating issues such as the level and distribution of income and migration. This paper argues that sector‐specific changes in employment and labor market performance can have different effects on economic growth, the collection of tax revenue, migration, and the level and distribution of household income. As such, it is important to model sectors separately. We find that expansions in employment opportunities for a high‐wage sector such as computer manufacturing or bioengineering, a medium‐wage sector manufacturing, and the lower‐wage sector of retailing have differing economic consequences for a small city. We use a data intensive computable general equilibrium model to obtain these results.