Title

The Theory of Relativity of the Natural Rate of Unemployment in Indiana Locales

Document Type

Article

Publication Date

12-2015

Publication Source

Journal of Management Policy and Practice

Volume

16

Issue

4

Inclusive pages

43-48

ISBN/ISSN

19138067

Peer Reviewed

yes

Abstract

This paper examines the variations in unemployment across the State of Indiana for 2014. There is a significant literature concerning regional differences in unemployment which shows that differences in regulatory regimes and labor laws together with the differences in the structure of the local economies explain a significant amount of the variation in unemployment. Few studies have been published concerning differences by county within a jurisdiction with a uniform regulatory environment. What studies have been published found that the structure of the local economies were significant in explaining the differences in unemployment within the jurisdiction. For Indiana in 2014 this study finds that the structure of the Indiana economy explains the variations in unemployment. Those counties which are rural or have industries which are not manufacturing have higher unemployment rates than those counties with automobile and aerospace core industries

Disciplines

Economics

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