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Fig. 16.7 Decomposition of the deviation in LA County working age population (% point
contributions to total deviation)
Fig. 16.8 Decomposition of the deviation in LA County real GDP (% point contributions to total
deviation)
gradually returning to baseline thereafter. As shown in Fig. 16.7 , for the years
immediately following the event, the wage premium shock makes the largest
contribution to the negative deviation in population. The wage premium operates
directly on net inter-regional immigration via F ( M )
in equation (Eq. 16.5 ). In our
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