Taylor, K. orcid.org/0000-0002-6525-0815, Bhadury, S., Binner, J. et al. (1 more author) (2024) Business Cycle Turning Points and Local Labour Markets. Discussion Paper. IZA Discussion Paper (17153). IZA Institute of Labor Economics ISSN 2365-9793
Abstract
In this paper we consider the predictors of the business cycle in Great Britain, where the claimant count and unemployment rate are found to be key indicators associated with turning points. Next, we consider at a micro-economic level, using disaggregated local authority level data, a number of local labour market issues: (i) the determinants of the claimant count and unemployment rate (both highly correlated with the cycle); (ii) local level economic resilience; and (iii) the likelihood of different states of regional vulnerability. Benefit generosity, unit labour costs and state dependence (hysteresis) are key drivers of local labour market performance.
Metadata
Item Type: | Monograph |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2024 The Author(s). For reuse permissions, please contact the Author(s). |
Keywords: | business cycle dating; local labour markets; resilience; regional vulnerability |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 07 Mar 2025 14:41 |
Last Modified: | 11 Mar 2025 16:40 |
Published Version: | https://www.iza.org/publications/dp/17153/business... |
Status: | Published |
Publisher: | IZA Institute of Labor Economics |
Series Name: | IZA Discussion Paper |
Identification Number: | 10.2139/ssrn.4899858 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:223798 |