Arbeitspapier

Impact of the Great Recession on Industry Unemployment: A 1976-2011 Comparison

This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild recovery. Previous studies have examined the demographic aspect of the recession. We focus on specific industries. Consequently, we propose a methodology to decompose changes in the unemployment rate into worker inflows and outflows across industry groups and outline the unique characteristics of the latest recession (including examining cyclical and structural forces). We use harmonized- reclassified industry data for 1976-2011 in the United States, which allows us to make comparisons previously not possible.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 10340

Classification
Wirtschaft
Subject
unemployment
worker flows
job finding rate
separation rate
industry

Event
Geistige Schöpfung
(who)
Takhtamanova, Yelena F.
Sierminska, Eva
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2016

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Takhtamanova, Yelena F.
  • Sierminska, Eva
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2016

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