Title

Wage and Employment Adjustment in Local Labor Markets

Year

1992

Abstract

Eberts and Stone have created dynamic models of labor supply and demand behavior for metropolitan labor markets. They use these models to simulate wage, employment, and personal income responses to local economic change, including changes brought about by governmental policy.

Contents

  1. Introduction
  2. A Framework for Understanding Local Labor Market Adjustments
  3. Shocks to Local Labor Markets
  4. Estimates of Local Labor Market Adjustment
  5. Local Institutions and Public Policies: Unionization, Taxes and Public Infrastructure
  6. Conclusions

ISBN

9780880991162 (pbk)

Subject Areas

EMPLOYMENT and COMPENSATION; Job security; Job stability; REGIONAL ISSUES; Regional and urban studies; Urban issues