The Evolution of Local Labor Markets after Recessions
研究美国地方劳动力市场在衰退期间就业损失后的反应，发现就业损失大的地区会经历就业、人口和收入的持续相对下降，且人口调整有限导致后果更持久。
This paper studies how US local labor markets respond to employment losses that occur during recessions. Following recessions from 1973 through 2009, we find areas that lose more jobs during the recession experience persistent relative declines in employment and population. Most importantly, these local labor markets also experience persistent decreases in the employment-population ratio, earnings per capita, and earnings per worker. Our results imply that limited population responses result in longer-lasting consequences for local labor markets than previously thought and that recessions are followed by persistent reallocation of employment across space.