Employment risk in U.S. metropolitan and nonmetropolitan regions: The influence of industrial specialization and population characteristics

George W. Hammond, Eric Thompson

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Abstract

A dynamic labor market model is used to motivate the inclusion of population characteristics and industrial structure as determinants of regional employment instability. We examine how these factors influence regional employment instability using data from both metropolitan and nonmetropolitan regions in the United States. We find that population characteristics are important determinants of employment volatility and that increased industrial specialization (reduced diversification) increases employment volatility, but the magnitude of that influence drops substantially once population characteristics are considered. We also find that the influence of population characteristics and industrial specialization varies significantly across metropolitan and nonmetropolitan regions.

Original languageEnglish (US)
Pages (from-to)517-542
Number of pages26
JournalJournal of Regional Science
Volume44
Issue number3
DOIs
Publication statusPublished - Aug 1 2004

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ASJC Scopus subject areas

  • Development
  • Environmental Science (miscellaneous)

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