Discordant City Employment Cycles

FRB of St. Louis Working Paper No. 2010-019B

45 Pages Posted: 14 Jul 2010 Last revised: 20 Sep 2012

See all articles by Michael Owyang

Michael Owyang

Federal Reserve Bank of St. Louis - Research Division

Jeremy Piger

University of Oregon - Department of Economics

Howard J. Wall

Lindenwood University - Center for Economics and the Environment

Date Written: July 13, 2010

Abstract

This paper estimates city-level employment cycles for 58 large U.S. cities and documents the substantial cross-city variation in the timing, lengths, and frequencies of their employment contractions. It also shows how the spread of city-level contractions associated with U.S. recessions has tended to follow recession-specific geographic patterns. In addition, cities within the same state or region have tended to have similar employment cycles. We find no evidence that similarities in employment cycles are related to similarities in industry mix, although cities with more-similar high school attainment, mean establishment size, and industrial diversity have tended to have more-similar employment cycles.

Keywords: City Employment Cycles

JEL Classification: R12, E32

Suggested Citation

Owyang, Michael T. and Piger, Jeremy M. and Wall, Howard J., Discordant City Employment Cycles (July 13, 2010). FRB of St. Louis Working Paper No. 2010-019B, Available at SSRN: https://ssrn.com/abstract=1639505 or http://dx.doi.org/10.2139/ssrn.1639505

Michael T. Owyang

Federal Reserve Bank of St. Louis - Research Division ( email )

411 Locust St
Saint Louis, MO 63011
United States

Jeremy M. Piger

University of Oregon - Department of Economics ( email )

Eugene, OR 97403
United States

Howard J. Wall (Contact Author)

Lindenwood University - Center for Economics and the Environment ( email )

209 S. Kingshighway
St. Charles, MO 63301
United States

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