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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w15979 |
来源ID | Working Paper 15979 |
The Labor Market in the Great Recession | |
Michael W. Elsby; Bart Hobijn; Aysegul Sahin | |
发表日期 | 2010-05-27 |
出版年 | 2010 |
语种 | 英语 |
摘要 | From the perspective of a wide range of labor market outcomes, the recession that began in 2007 represents the deepest downturn in the postwar era. Early on, the nature of labor market adjustment displayed a notable resemblance to that observed in past severe downturns. During the latter half of 2009, however, the path of adjustment exhibited important departures from that seen during and after prior deep recessions. Recent data point to two warning signs going forward. First, the record rise in long-term unemployment may yield a persistent residue of long-term unemployed workers with weak search effectiveness. Second, conventional estimates suggest that the extension of Emergency Unemployment Compensation may have led to a modest increase in unemployment. Despite these forces, we conclude that the problems facing the U.S. labor market are unlikely to be as severe as the European unemployment problem of the 1980s. |
主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Labor Economics ; Unemployment and Immigration |
URL | https://www.nber.org/papers/w15979 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573702 |
推荐引用方式 GB/T 7714 | Michael W. Elsby,Bart Hobijn,Aysegul Sahin. The Labor Market in the Great Recession. 2010. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w15979.pdf(431KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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