Book/Printed Material The labor market in the great recession

Title

• The labor market in the great recession

Summary

• "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"--National Bureau of Economic Research web site.

Names

• Elsby, Michael W. L.
• Hobijn, Bart
• Şahin, Ayşegül, 1972-
• National Bureau of Economic Research

Created / Published

• Cambridge, MA : National Bureau of Economic Research, c2010.

Notes

• -  Title from PDF file as viewed on 6/15/2010.
• -  Includes bibliographical references.
• -  Also available in print.
• -  Mode of access: World Wide Web.
• -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

• HB1

Digital Id

• https://hdl.loc.gov/loc.gdc/gdcebookspublic.2010655917
• http://www.nber.org/papers/w15979 External

Library of Congress Control Number

• 2010655917

Access Advisory

• Unrestricted online access

Online Format

• image
• pdf

LCCN Permalink

• https://lccn.loc.gov/2010655917

Additional Metadata Formats

• MARCXML Record
• MODS Record
• Dublin Core Record