Finance and Economics Discussion Series: 2007-32 Screen Reader version
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Labor Reallocation over the Business Cycle: New Evidence from Internal Migration
Raven E. Saks
Federal Reserve Board of Governors
Abigail Wozniak
Department of Economics and Econometrics
University of Notre Dame and IZA
April 2007
Figure 2 Data: Top panel
x-axis |
y-axis |
year |
fitted value |
-0.0494003 |
-0.0077771 |
1950 |
-0.0051425 |
-0.0464946 |
-0.0050026 |
1983 |
-0.0048289 |
-0.0299888 |
-0.0027014 |
1961 |
-0.0030474 |
-0.0277685 |
-0.0071999 |
1993 |
-0.0028078 |
-0.0265777 |
0.0041604 |
1963 |
-0.0026793 |
-0.0246172 |
0.0061152 |
1964 |
-0.0024677 |
-0.0242607 |
-0.0060231 |
1992 |
-0.0024292 |
-0.0232936 |
-0.006793 |
1949 |
-0.0023248 |
-0.0227159 |
0.0062808 |
1958 |
-0.0022624 |
-0.0217687 |
-0.0046507 |
1976 |
-0.0021602 |
-0.021722 |
-0.0133705 |
1962 |
-0.0021552 |
-0.0185109 |
0.0053606 |
1984 |
-0.0018086 |
-0.0175656 |
-0.0040524 |
1994 |
-0.0017066 |
-0.0171937 |
-0.0073619 |
2004 |
-0.0016664 |
-0.0161281 |
0.0055667 |
1965 |
-0.0015514 |
-0.0145633 |
-0.0020334 |
2003 |
-0.0013825 |
-0.0130077 |
-0.0021682 |
1971 |
-0.0012147 |
-0.0124439 |
0.002859 |
1982 |
-0.0011538 |
-0.0065526 |
-0.0000472 |
1954 |
-0.000518 |
-0.0056311 |
-0.004418 |
1959 |
-0.0004185 |
-0.0053359 |
0.0051366 |
1996 |
-0.0003866 |
-0.0052906 |
-0.0000445 |
1955 |
-0.0003817 |
-0.0039941 |
-0.0003686 |
1991 |
-0.0002418 |
-0.0013711 |
0.0058993 |
1986 |
0.0000413 |
-0.0005299 |
0.0000573 |
2002 |
0.0001321 |
0.0008525 |
-0.0037504 |
1987 |
0.0002813 |
0.0012987 |
-0.0047674 |
1997 |
0.0003294 |
0.0038953 |
-0.0033271 |
1960 |
0.0006097 |
0.007237 |
-0.0020455 |
1948 |
0.0009704 |
0.0074794 |
-0.0019951 |
1966 |
0.0009965 |
0.0095956 |
-0.0053771 |
1998 |
0.0012249 |
0.0124451 |
0.0056968 |
1952 |
0.0015325 |
0.0134466 |
-0.0006036 |
1988 |
0.0016405 |
0.0140958 |
0.0055969 |
1968 |
0.0017106 |
0.0151128 |
-0.0021838 |
1981 |
0.0018204 |
0.0154677 |
0.0014846 |
1967 |
0.0018587 |
0.0171474 |
0.016776 |
1951 |
0.00204 |
0.0179593 |
0.0073516 |
1999 |
0.0021276 |
0.020631 |
0.0006687 |
1970 |
0.002416 |
0.0237811 |
0.0024081 |
1989 |
0.002756 |
0.0239717 |
0.0062906 |
1990 |
0.0027765 |
0.0249553 |
-0.001679 |
1969 |
0.0028827 |
0.025726 |
0.0008278 |
1956 |
0.0029659 |
0.0261337 |
0.002817 |
2001 |
0.0030099 |
0.0276025 |
-0.0022908 |
1957 |
0.0031684 |
0.0299818 |
0.0124312 |
2000 |
0.0034252 |
0.0355277 |
-0.0017492 |
1953 |
0.0040237 |
Figure 2 Data: Middle Panel
x-axis |
y-axis |
year |
fitted value |
2.9333333 |
-0.0017492 |
1953 |
0.0028317 |
3.175 |
0.0056968 |
1952 |
0.0025716 |
3.475 |
-0.001679 |
1969 |
0.0022489 |
3.5666667 |
-0.0000472 |
1954 |
0.0021502 |
3.6833333 |
0.0006687 |
1970 |
0.0020247 |
3.7833333 |
0.0014846 |
1967 |
0.0019171 |
3.8166667 |
0.0055969 |
1968 |
0.0018813 |
3.9833333 |
-0.006793 |
1949 |
0.0017019 |
4.0166667 |
0.002817 |
2001 |
0.0016661 |
4.1 |
-0.0022908 |
1957 |
0.0015764 |
4.15 |
0.0124312 |
2000 |
0.0015226 |
4.1916667 |
0.0008278 |
1956 |
0.0014778 |
4.25 |
-0.0019951 |
1966 |
0.001415 |
4.4166667 |
0.0073516 |
1999 |
0.0012357 |
4.4833333 |
0.016776 |
1951 |
0.001164 |
4.7916667 |
-0.0053771 |
1998 |
0.0008322 |
4.8916667 |
0.0062808 |
1958 |
0.0007246 |
5.0166667 |
0.0055667 |
1965 |
0.0005901 |
5.1083333 |
0.0000573 |
2002 |
0.0004915 |
5.275 |
-0.0033271 |
1960 |
0.0003122 |
5.2833333 |
0.0062906 |
1990 |
0.0003032 |
5.3333333 |
-0.0047674 |
1997 |
0.0002494 |
5.3666667 |
0.0024081 |
1989 |
0.0002135 |
5.425 |
-0.0021682 |
1971 |
0.0001508 |
5.4583333 |
-0.0000445 |
1955 |
0.0001149 |
5.5666667 |
0.0061152 |
1964 |
-1.64E-06 |
5.6 |
0.0041604 |
1963 |
-0.0000375 |
5.6083333 |
0.0051366 |
1996 |
-0.0000465 |
5.825 |
-0.0020334 |
2003 |
-0.0002796 |
5.9416667 |
-0.0003686 |
1991 |
-0.0004051 |
5.95 |
-0.0006036 |
1988 |
-0.0004141 |
5.95 |
-0.0073619 |
2004 |
-0.0004141 |
5.9583333 |
-0.0027014 |
1961 |
-0.0004231 |
6.4 |
-0.0133705 |
1962 |
-0.0008983 |
6.4833333 |
-0.0077771 |
1950 |
-0.0009879 |
6.725 |
-0.004418 |
1959 |
-0.0012479 |
6.7666667 |
-0.0040524 |
1994 |
-0.0012928 |
6.8916667 |
-0.0037504 |
1987 |
-0.0014273 |
7.0416667 |
-0.0060231 |
1992 |
-0.0015887 |
7.1416667 |
0.0058993 |
1986 |
-0.0016962 |
7.4333333 |
-0.0071999 |
1993 |
-0.0020101 |
7.4583333 |
-0.0021838 |
1981 |
-0.002037 |
7.9666667 |
0.002859 |
1982 |
-0.0025839 |
8.3416667 |
-0.0046507 |
1976 |
-0.0029874 |
8.975 |
0.0053606 |
1984 |
-0.0036688 |
10.091667 |
-0.0050026 |
1983 |
-0.0048703 |
Figure 2 Data: Bottom Panel
x-axis |
y-axis |
year |
fitted value |
6.709697 |
0.002817 |
2001 |
0.002134 |
6.775044 |
0.0124312 |
2000 |
0.0021076 |
7.313789 |
0.0073516 |
1999 |
0.0018899 |
7.48716 |
-0.0053771 |
1998 |
0.0018198 |
8.043973 |
0.0006687 |
1970 |
0.0015948 |
8.168935 |
0.0024081 |
1989 |
0.0015443 |
8.334092 |
-0.001679 |
1969 |
0.0014776 |
8.438034 |
-0.0047674 |
1997 |
0.0014356 |
8.551965 |
0.0062906 |
1990 |
0.0013896 |
8.680105 |
0.0014846 |
1967 |
0.0013378 |
8.702909 |
0.0051366 |
1996 |
0.0013286 |
8.854511 |
-0.0006036 |
1988 |
0.0012673 |
9.078039 |
-0.0040524 |
1994 |
0.001177 |
9.467102 |
0.0055969 |
1968 |
0.0010198 |
9.4877 |
0.0000573 |
2002 |
0.0010114 |
9.785522 |
-0.0073619 |
2004 |
0.0008911 |
9.88123 |
-0.0020334 |
2003 |
0.0008524 |
9.916948 |
-0.0003686 |
1991 |
0.000838 |
10.57077 |
-0.0037504 |
1987 |
0.0005738 |
10.67275 |
-0.0019951 |
1966 |
0.0005326 |
10.80727 |
0.0058993 |
1986 |
0.0004782 |
10.86197 |
-0.0071999 |
1993 |
0.0004561 |
11.52972 |
-0.0000472 |
1954 |
0.0001863 |
11.84005 |
0.0056968 |
1952 |
0.0000609 |
11.86556 |
-0.0060231 |
1992 |
0.0000505 |
11.9672 |
-0.0022908 |
1957 |
9.47E-06 |
12.11569 |
-0.006793 |
1949 |
-0.0000505 |
12.26253 |
-0.0021682 |
1971 |
-0.0001099 |
12.32132 |
0.0008278 |
1956 |
-0.0001336 |
12.32265 |
-0.0017492 |
1953 |
-0.0001342 |
12.34374 |
-0.0020455 |
1948 |
-0.0001427 |
12.5776 |
0.0053606 |
1984 |
-0.0002372 |
12.72655 |
0.0055667 |
1965 |
-0.0002974 |
13.07197 |
0.002859 |
1982 |
-0.000437 |
14.02237 |
-0.0021838 |
1981 |
-0.000821 |
14.05223 |
0.0062808 |
1958 |
-0.0008331 |
14.3777 |
0.0061152 |
1964 |
-0.0009646 |
14.70963 |
-0.0033271 |
1960 |
-0.0010987 |
14.71065 |
0.0041604 |
1963 |
-0.0010992 |
15.84802 |
0.016776 |
1951 |
-0.0015588 |
16.56212 |
-0.0050026 |
1983 |
-0.0018473 |
16.8006 |
-0.0027014 |
1961 |
-0.0019437 |
17.64233 |
-0.0133705 |
1962 |
-0.0022838 |
18.63187 |
-0.0000445 |
1955 |
-0.0026837 |
18.87099 |
-0.0046507 |
1976 |
-0.0027803 |
20.55432 |
-0.004418 |
1959 |
-0.0034606 |
23.23321 |
-0.0077771 |
1950 |
-0.0045431 |