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Sources of Cyclical Employment Instability in Rural Counties
Author(s) -
Brown Deborah J.,
Pheasant James
Publication year - 1987
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242193
Subject(s) - business cycle , instability , index (typography) , portfolio , economics , demographic economics , labour economics , finance , macroeconomics , physics , world wide web , computer science , mechanics
Cyclical employment instability at the county level is examined using monthly Indiana employment data for 1970–80 and a single‐index portfolio model. Results show rural counties are more responsive to systematic or cyclical employment instability than urban counties. At the state level, a high percentage employed in manufacturing has been associated with greater employment instability over the business cycle. This relationship does not hold at the county level where most manufacturing sectors seem to cyclically stabilize the counties in which they appear.