RDP 9801: Labour Market Adjustment: Evidence on Interstate Labour Mobility Equation

em=ln( employement in the state total employment ) ur=ln( 1−state unemployment rate 1−national unemployment rate ) =ln( employment in the state/labour force in state total employment/total labour force ) pr=ln( state participation rate national participation rate ) =ln( labour force in the state/ population in state total labour force/total population ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@83C6@