Labour markets

Tito Boeri, Marta De Philippis, Eleonora Patacchini, Michele Pellizzari, 24 November 2015

How a host country can best assimilate immigrants is understandably on Western European governments’ minds. This column presents new evidence suggesting that immigrants in Italy who live in neighbourhoods with a large share of non-Italians are significantly less likely to be in employment than their counterparts in less segregated areas. The data suggests that policymakers should note that the negative effect of a large migrant share on employment is magnified by the presence of illegal immigrants.

Andrew Foote, Michel Grosz, Ann Huff Stevens, 17 November 2015

In light of the Great Recession, we continue to learn new ways in which economic downturns directly affect the labour market. This column suggests that following an adverse demand shock, individuals exit local labour markets primarily through migration, but that has become less prominent in the Great Recession. Faced with declining economic prospects, workers are becoming more likely to stay put, without re-entering the labour market. 

James Feyrer, Erin T. Mansur, Bruce Sacerdote, 16 November 2015

Fracking has driven an oil and natural gas boom in the US over the past decade. This column examines the impact these mining activities have had on local and regional economies. US counties enjoy significant economic benefits, including increased wages and new job creation. These effects grow as the geographic radius is extended to include neighbouring areas in the region. The results suggest that the fracking boom provided some insulation for these areas during the Great Recession, and lowered national unemployment by as much as 0.5%.

Régis Barnichon, 12 November 2015

Many commentators have noted that the US has ridden out its post-crisis malaise rather skilfully, not least when it comes to reducing unemployment. This column argues that the US unemployment rate - despite being impressive, all things considered - still has substantial room to fall because desire to work among the non-employed is close to a record low.

Luisa Gagliardi, Simona Iammarino, Andrés Rodríguez-Pose, 05 November 2015

Offshoring has risen in all advanced economies in recent years. This column analyses the impact of offshoring trends in the UK, where offshoring in services has followed the abundant offshoring in manufacturing, by uncovering their spatial implications. The impact of offshoring in places more exposed to such trends has been significantly negative on routine occupations. On the other hand, when investment abroad targeted developing economies, the effect on job creation in non-routine occupations was positive.

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