@article{TEXTUAL,
      recid = {5592},
      author = {Notowidigdo, Matthew J.},
      title = {The Incidence of Local Labor Demand Shocks},
      journal = {Journal of Labor Economics},
      address = {2020-05-27},
      number = {TEXTUAL},
      abstract = {Low-skill workers are comparatively immobile. This paper  estimates the role of housing prices and social transfers  in accounting for this fact using a spatial equilibrium  model. Reduced-form estimates using US census data show  that positive local labor demand shocks increase population  more than negative shocks reduce population, that this  asymmetry is larger for low-skill workers, and that such an  asymmetry is absent for average wages, housing values, and  rental prices. Generalized method of moments estimates  reveal that the comparative immobility of low-skill workers  is due not to higher mobility costs but to a lower  incidence of adverse labor demand shocks.},
      url = {http://knowledge.uchicago.edu/record/5592},
}