| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23844 |
| 来源ID | Working Paper 23844 |
| Employment Hysteresis from the Great Recession | |
| Danny Yagan | |
| 发表日期 | 2017-09-25 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper uses U.S. local areas as a laboratory to test whether the Great Recession depressed 2015 employment. In full-population longitudinal data, I find that exposure to a 1-percentage-point-larger 2007-2009 local unemployment shock caused working-age individuals to be 0.4 percentage points less likely to be employed at all in 2015, evidently via labor force exit. These shocks also increased 2015 income inequality. General human capital decay and persistently low labor demand each rationalize the findings better than lost job-specific rents, lost firm-specific human capital, or reduced migration. Simple extrapolation suggests the recession caused most of the 2007-2015 age-adjusted employment decline. |
| 主题 | Macroeconomics ; Public Economics ; Industrial Organization |
| URL | https://www.nber.org/papers/w23844 |
| 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/581517 |
| 推荐引用方式 GB/T 7714 | Danny Yagan. Employment Hysteresis from the Great Recession. 2017. |
| 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 | ||
| w23844.pdf（1421KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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