Immigration and economic resilience in the Great Recession

Urban Studies ◽  
2020 ◽  
pp. 004209802092540
Author(s):  
Xi Huang
Keyword(s):  
Great Recession ◽  
Urban Areas ◽  
Metropolitan Areas ◽  
Ordinary Least Squares ◽  
Economic Resilience ◽  
The Great Recession ◽  
The Us ◽  
Capita Income Growth ◽  
The Relationship ◽  
Us Cities

The 2007–2009 financial crisis has caused economic disruption in many US cities and has drawn considerable academic attention. Despite abundant evidence of immigrants’ economic and social value to urban areas, little research has examined the relationship between immigration and resilience. This article investigates whether immigration enhanced economic resilience to the Great Recession for metropolitan areas in the US. It uses ordinary least squares and instrumental variable regressions to test the immigration effects between 2007 and 2014. The findings indicate that immigration leads to employment and income resilience. On average, metropolitan areas with a larger immigrant population tended to better preserve their growth paths during the Great Recession and to experience greater levels of employment and per capita income growth following the recession.

scholarly journals Universal resilience patterns in labor markets

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Esteban Moro ◽  
Morgan R. Frank ◽  
Alex Pentland ◽  
Alex Rutherford ◽  
Manuel Cebrian ◽  
...  
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Great Recession ◽  
Urban Policy ◽  
Economic Resilience ◽  
The Great Recession ◽  
Us Economy ◽  
The Us ◽  
Skill Requirements ◽  
Us Cities

AbstractCities are the innovation centers of the US economy, but technological disruptions can exclude workers and inhibit a middle class. Therefore, urban policy must promote the jobs and skills that increase worker pay, create employment, and foster economic resilience. In this paper, we model labor market resilience with an ecologically-inspired job network constructed from the similarity of occupations’ skill requirements. This framework reveals that the economic resilience of cities is universally and uniquely determined by the connectivity within a city’s job network. US cities with greater job connectivity experienced lower unemployment during the Great Recession. Further, cities that increase their job connectivity see increasing wage bills, and workers of embedded occupations enjoy higher wages than their peers elsewhere. Finally, we show how job connectivity may clarify the augmenting and deleterious impact of automation in US cities. Policies that promote labor connectivity may grow labor markets and promote economic resilience.

scholarly journals Regional Resilience in Ireland and the Existence of a Two-Tier Recovery

2018 ◽  
Vol 37 (4) ◽  
pp. 99-110 ◽  
Author(s):  
Barraí Hennebry
Keyword(s):  
Great Recession ◽  
Urban Areas ◽  
Regional Disparities ◽  
Descriptive Statistics ◽  
Gdp Per Capita ◽  
Economic Resilience ◽  
Regional Resilience ◽  
The Great Recession ◽  
Urban Rural ◽  
Per Capita

Abstract This paper focuses on the increasing regional disparities in Ireland, especially since the great recession and assesses the degree to which the recovery has been concentrated in urban areas. Ireland was initially affected by the recession to a greater extent than other countries but has recovered strongly. However, this recovery has not been evenly distributed, with some regions showing greater economic resilience. Using descriptive statistics of GDP per capita (PPP), GVA and employment, this paper examines the extent to which the recovery has been a two-tier recovery. The paper finds evidence to suggest that the recovery has been heavily concentrated in Dublin, and to a lesser extent in Cork and Galway, resulting in an urban-rural divide.

The response of Latino immigrants to the Great Recession: Occupational and residential (im)mobility

Urban Studies ◽  
2016 ◽  
Vol 54 (11) ◽  
pp. 2561-2591 ◽  
Author(s):  
Ray Calnan ◽  
Gary Painter
Keyword(s):  
Economic Growth ◽  
Construction Industry ◽  
Metropolitan Area ◽  
Great Recession ◽  
Metropolitan Areas ◽  
Latino Immigrants ◽  
Job Market ◽  
The Great Recession ◽  
The Us ◽  
Previous Location

During the Great Recession in the US, there were distinct housing and labour markets that were particularly hard hit. This was primarily due to the fact that the housing industry had fueled much of the recent economic growth. This article takes advantage of the shock to the construction industry to investigate the responses of Latino immigrants in metropolitan areas that were most heavily concentrated with Latino immigrants in the construction industry. As expected, there were large declines in the proportion of the Latino immigrant population that was working in the construction industry during the recession. There were some shifts of employment in the industry after the recession, but the biggest change was in the number of unemployed. While declines in construction jobs did predict moving out of a metropolitan area, decline in the overall job market had a larger impact on mobility. Finally, we find evidence that those who moved out of the metropolitan area were less likely to be employed, although it is not possible to determine whether they would have been employed in their previous location.

Disruptive Soft Law and Post-Crisis US Reform

2018 ◽  
Author(s):  
Abraham L. Newman ◽  
Elliot Posner
Keyword(s):  
Financial Markets ◽  
Great Recession ◽  
Regulatory Reform ◽  
The United States ◽  
Soft Law ◽  
Long Term Effects ◽  
The Great Recession ◽  
The Us ◽  
International Interaction

Chapter 6 examines the long-term effects of international soft law on policy in the United States since 2008. The extent and type of post-crisis US cooperation with foreign jurisdictions have varied considerably with far-reaching ramifications for international financial markets. Focusing on the international interaction of reforms in banking and derivatives, the chapter uses the book’s approach to understand US regulation in the wake of the Great Recession. The authors attribute seemingly random variation in the US relationship to foreign regulation and markets to differences in pre-crisis international soft law. Here, the existence (or absence) of robust soft law and standard-creating institutions determines the resources available to policy entrepreneurs as well as their orientation and attitudes toward international cooperation. Soft law plays a central role in the evolution of US regulatory reform and its interface with the rest of the world.

The Great Recession, behavioral health, and self-rated health: An examination of racial/ethnic differences in the US

2021 ◽  
Vol 118 ◽  
pp. 106873
Author(s):  
Nina Mulia ◽  
Yu Ye ◽  
Katherine J. Karriker-Jaffe ◽  
Libo Li ◽  
William C. Kerr ◽  
...  
Keyword(s):  
Behavioral Health ◽  
Ethnic Differences ◽  
Great Recession ◽  
The Great Recession ◽  
Self Rated Health ◽  
The Us ◽  
Racial Ethnic

scholarly journals Money and credit during normal times and house price booms: evidence from time-frequency analysis

Empirica ◽  
2019 ◽  
Vol 47 (4) ◽  
pp. 835-861
Author(s):  
Maciej Ryczkowski
Keyword(s):  
Great Recession ◽  
House Prices ◽  
House Price ◽  
Industrialized Countries ◽  
Time Frequency ◽  
The Great Recession ◽  
Time Period ◽  
Price Boom ◽  
The Us ◽  
Short Run

Abstract I analyse the link between money and credit for twelve industrialized countries in the time period from 1970 to 2016. The euro area and Commonwealth Countries have rather strong co-movements between money and credit at longer frequencies. Denmark and Switzerland show weak and episodic effects. Scandinavian countries and the US are somewhere in between. I find strong and significant longer run co-movements especially around booming house prices for all of the sample countries. The analysis suggests the expansionary policy that cleans up after the burst of a bubble may exacerbate the risk of a new house price boom. The interrelation is hidden in the short run, because the co-movements are then rarely statistically significant. According to the wavelet evidence, developments of money and credit since the Great Recession or their decoupling in Japan suggest that it is more appropriate to examine the two variables separately in some circumstances.

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