Recession‐proof skills, cities, and resilience in economic downturns

Weinstein, Amanda L.; Patrick, Carlianne

doi:10.1111/jors.12446

Cited by 11 publications

(10 citation statements)

References 67 publications

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“…For most of our analysis, we assign those individuals with more than 12 years of education to the skilled group ( S ) and those with 12 years of education or less to the unskilled group ( U ). 3 We construct average skilled and unskilled wages in each CBSA, w j s and w j u , per hour worked and per efficiency unit of labor provided. Our efficiency units adjustment attempts to control for post-1980 changes in the composition of the workforce within the skilled and unskilled categories.…”

Section: A Datamentioning

confidence: 99%

“…1 − ρ is the elasticity of substitution between capital and unskilled labor. Potential reasons for which unskilled labor may have become relatively more costly, or its relative marginal product may have increased, in larger cities can be seen in (3). These locations may have experienced more rapid increases in factor-unbiased agglomeration economies, unskilled-biased agglomeration economies, or declines in the relative supply of unskilled labor.…”

Section: ___mentioning

confidence: 99%

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Why Has Urban Inequality Increased?

Baum-Snow¹,

Freedman²,

Pavan

2018

American Economic Journal: Applied Economics

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This paper examines mechanisms driving the more rapid increases in wage inequality in larger cities between 1980 and 2007. Production function estimates indicate strong evidence of capital–skill complementarity and increases in the skill bias of agglomeration economies in the context of rapid skill-biased technical change. Immigration shocks are the source of identifying variation across cities in changes to the relative supply of skilled versus unskilled labor. Estimates indicate that changes in the factor biases of agglomeration economies rationalize at least 80 percent of the more rapid increases in wage inequality in larger cities. (JEL J24, J31, O33, R23)

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Section: A Datamentioning

confidence: 99%

Section: ___mentioning

confidence: 99%

Why Has Urban Inequality Increased?

Baum-Snow¹,

Freedman²,

Pavan

2018

American Economic Journal: Applied Economics

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“…There is no statistical test that can be used to test the accuracy of control for this assumption (Difference-in-Differences Estimation, n.d.), but I attempted to control for it by strategically choosing the non-artist occupation of medical and health services managers. This career field's recession-resistant nature is vital to maintaining parallel linearity for the control group's pre and post-law periods, acting as a steady regulator for the changes in economic conditions over time (Weinstein & Patrick, 2019).…”

Section: Methodsmentioning

confidence: 99%

Moral Rights Laws and Income Disparity Between Artists in High and Low GDP States

Avanesov

Hodgson

2021

J Stud Res

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The United States' laissez-faire approach to moral rights legislation has left many academics questioning the impact that these laws have on artists' welfare. In using artists' income as one component of measuring overall well-being, states with additional statewide moral rights legislation have been shown to contribute to more significant artist losses, in contrast to states with only federal legislation. At the same time, moral rights laws have been shown to have no impact on artists' choice of residency, leaving some artists possibly disadvantaged regarding their choice of residency. Utilizing a difference in differences framework, this paper explores the impact of moral rights legislation on artists' weekly incomes between moral rights states of varying outputs of GDP. Although results suggested that artists would lose approximately $0.18 per one billion dollar increase in GDP at the statewide level, after conducting an additional t-test, these findings were shown to have no statistical significance. Several limitations, most prominently a lack of data availability in the pre-law values required for the difference in differences framework, may have contributed to these findings. These indeterminate results leave the question of whether some artists remain economically disadvantaged as a result of moral rights legislation uncertain.

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“…These are thus correlative to knowledge, managing, and physical skills, respectively. Weinstein and Patrick (2019) contrives that these skills are also as substantive as education for the wealth accumulation in economies. According to their results, skills are interacting with unemployment during recessionary periods.…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

Transportation Services, Financial Market, and Industrial Production in the US: Evidence from the Recursive Evolving Causality Test

Beyzatlar

Çağlı

2022

Afyon Kocatepe Üniversitesi Sosyal Bilimler Dergisi

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This paper examines the relationship between Transportation Services Index (TSI), Dow Jones Transportation Average Index (DJT), and Industrial Production Index (IND) for the United States of America by using monthly data in the period from January 2000 to March 2019. The long-run nexus is demonstrated through the cointegration test and dynamic cointegrating regression (Dynamic OLS), both with structural breaks. The results show that the long-run relations proved by both tests from IND to TSI, IND to DJT, and two-sided between DJT and TSI. More importantly, the Granger-causality relationship is revealed with the forward, rolling, and recursive evolving window algorithms. This is the first study in the literature investigating the causality ties in transportation measures using the novel econometric methodology, following the algorithms. The rolling and recursive causality results detect bi-directional causality between IND and TSI, IND and DJT, and TSI and DJT. Then we come up with some suggestions that the transportation institutions should modulate the transportation sector's financial structure and intensify to adjust industry structures within transportation mobility before, during, and after recessionary periods.

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Recession‐proof skills, cities, and resilience in economic downturns

Cited by 11 publications

References 67 publications

Why Has Urban Inequality Increased?

Why Has Urban Inequality Increased?

Moral Rights Laws and Income Disparity Between Artists in High and Low GDP States

Transportation Services, Financial Market, and Industrial Production in the US: Evidence from the Recursive Evolving Causality Test

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