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Presentation
Presentation: Did the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst?
Labor Dynamics Institute
  • John M. Abowd, Cornell University
  • Lars Vilhuber, Cornell University
Publication Date
1-1-2012
Disciplines
Abstract

We integrate local labor market data on worker flows, job flows, employment levels, and earnings with MSA-level data on housing prices and local area unemployment, to study the local labor market dynamics associated with the U.S. housing price bubble of the late 2000s. We proceed to study the magnitude and timing of the relation between the changes in local housing prices and local worker and job flows, and local labor market earnings.In addition to the unique contribution of using both local labor and housing market data, the paper also considers the contributions of the aggregate movements in the worker and job flows to the heterogeneous local labor market outcomes.

Comments

Suggested Citation

Abowd, J.M., & Vilhuber, L. (2012, January). Did the housing price bubble clobber local labor market job and worker flows when it burst? Presented at American Economic Association Annual Meetings.

Related

Abowd, J.M., & Vilhuber, L. (2012) "Did the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst?," American Economic Review, vol. 102(3), pages 589-93, May, DOI: 10.1257/aer.102.3.589

Required Publisher's Statement

Copyright held by authors.

Citation Information
John M. Abowd and Lars Vilhuber. "Presentation: Did the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst?" (2012)
Available at: http://works.bepress.com/lars_vilhuber/12/