The Theory of Relativity of the Natural Rate of Unemployment in Indiana Locales
Journal of Management Policy and Practice
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
Hedayeh Samavati, Nodir Adilov, and David A. Dilts (2015).
The Theory of Relativity of the Natural Rate of Unemployment in Indiana Locales. Journal of Management Policy and Practice.16 (4), 43-48.