The (un)importance of geographical mobility in the Great Recession

Kothari, Siddharth; Saporta-Eksten, Itay; Yu, Edison

doi:10.1016/j.red.2013.03.002

Cited by 15 publications

(10 citation statements)

References 13 publications

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“…Through this lens, our results are consistent with researchers' conclusions that the persistent unemployment following the Great Recession was more likely explained by reduced aggregate demand than a structural (geographic) mismatch (e.g., Farber 2012; Kothari, Saporta-Eksten, and Yu 2013).…”

supporting

confidence: 91%

“…4 U.S. data are less complete, and the results are mixed. Kothari, Saporta-Eksten, and Yu (2013) and Modestino and Dennett (2013) find that the housing bust affected mobility in the U.S., but other studies find no or weak evidence of housing-related mobility declines during the same period (Aaronson and Davis 2011;Donovan and Schnure 2011;Molloy, Smith, and Wozniak 2011;Schmitt and Warner 2011;Farber 2012;Coulson and Grieco 2013;Mumford and Schultz 2013;Bucks and Bricker 2016;6 Demyanyk, Hryshko, Luengo-Prado, and Sorensen 2016). Valletta (2013) finds no effect on unemployment durations.…”

mentioning

confidence: 99%

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Locked in by leverage: Job search during the housing crisis

Brown

Matsa

2020

Journal of Financial Economics

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This paper examines how housing market distress affects job search. Using data from a leading online job search platform during the Great Recession, we find that job seekers in areas with depressed housing markets apply for fewer jobs that require relocation. With their search constrained geographically, job seekers broaden their search to lower level positions nearby. These effects are stronger for job seekers with recourse mortgages, which we confirm using spatial regression discontinuity analysis. Our findings suggest that housing market distress distorts labor market outcomes by impeding household mobility.

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confidence: 91%

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confidence: 99%

Locked in by leverage: Job search during the housing crisis

Brown

Matsa

2020

Journal of Financial Economics

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“…There has been much research, for example, examining whether unemployed homeowners have been unable to move because they are underwater and cannot sell their homes. The house lock hypothesis implies that, as the housing crisis unfolded, unemployed homeowners should have become less mobile relative to unemployed renters, a pattern that Farber (2012) was unable to find (see also Daly et al 2011, Farber 2015, Kaplan & Schulhofer-Wohl 2015, Kothari et al 2013, Modestino & Dennett 2013, Ferreira et al 2010). 10 The evidence on skill mismatch is more mixed.…”

Section: The Ideological Falloutmentioning

confidence: 99%

Distributional Effects of the Great Recession: Where Has All the Sociology Gone?

Redbird

Grusky

2016

Annu. Rev. Sociol.

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We review the main distributional effects of the Great Recession and the ways in which those effects have been organized into narratives. The Great Recession may affect poverty, inequality, and other economic and noneconomic outcomes by changing individual-level behavior, encouraging the rise of new social movements or reviving older ones, motivating new economic policy and associated institutional change, or affecting the ideologies and frames through which labor markets and the key forces for economic change are viewed. The amount of sociological research within each of these areas is relatively small (compared with the amount contributed by other disciplines) and has focused disproportionately on monitoring trends or uncovering the causal effects of the Great Recession on individual-level behavior. We review this existing research and point to opportunities for sociologists to better understand how the Great Recession may be changing the economy as well as our narratives about its problems and dysfunctions.

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“…Kothari et al (2013) note that geographic mobility declined throughout the years of the Great Recession. For the geographic mobility that did occur, labor migration during the Great Recession varied for low-and high-skilled workers as well as across foreign-born and non-foreign-born workers (Cadena and Kovak 2016).…”

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confidence: 99%

Beyond the Great Recession: Labor Market Polarization and Ongoing Fertility Decline in the United States

Seltzer

2019

Demography

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In the years since the Great Recession, social scientists have anticipated that economic recovery in the U.S., characterized by gains in employment and median household income, would augur a reversal of declining fertility trends. However, the expected post-recession rebound in fertility rates has yet to materialize. In this study, I propose an economic explanation for why fertility rates have continued to decline regardless of improvements in conventional economic indicators. I argue that ongoing structural changes in U.S. labor markets have prolonged the financial uncertainty that leads women and couples to delay or forego childbearing. Combining statistical and survey data with restricted use vital registration records, I examine how cyclical and structural changes in metropolitan-area labor markets were associated with changes in total fertility rates (TFR) across racial/ethnic groups from the early 1990s to the present day, with a particular focus on the period between 2006-2014. The findings suggest that changes in industry compositionspecifically, the loss of manufacturing and construction businesseshave a larger effect on TFR than changes in the unemployment rate for all racial/ethnic groups. Since structural changes in labor markets are more likely to be sustained over time, in contrast to unemployment rates which fluctuate with economic cycles, further reductions in unemployment are unlikely to reverse declining fertility trends.

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The (un)importance of geographical mobility in the Great Recession

Cited by 15 publications

References 13 publications

Locked in by leverage: Job search during the housing crisis

Locked in by leverage: Job search during the housing crisis

Distributional Effects of the Great Recession: Where Has All the Sociology Gone?

Beyond the Great Recession: Labor Market Polarization and Ongoing Fertility Decline in the United States

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