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Title: Online Appendix for: Persistent shocks and incomplete regional adjustment: A model averaging approach
Citation Type: Miscellaneous
Publication Year: 2021
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Abstract: We present a brief summary of the BK model. All variables are in the model are defined in logs and in relative terms. For example, wi,t is the log relative wage rate in location i at time t: If Wi,t denotes the nominal wage and Wt denotes the national average wage, then wi,t = log (Wi,t/Wt). Labor supply (e S i,t) and demand (e D i,t) in location i at time t are given by where γS > 0 and γD > 0 are (short run) labor supply and demand elasticities. Labor demand and supply may shift as follows.
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Authors: Greenaway-McGrevy, Ryan; Hood, Kyle
Publisher: University of Auckland
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure
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