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The Labor Market in the Great Recession

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  • Michael W. L. Elsby

    (University of Michigan)

  • Bart Hobijn

    (Federal Reserve Bank of San Francisco)

  • Aysegul Sahin

    (Federal Reserve Bank of New York)

Abstract

2. Nevertheless, the nature of labor market adjustment in the current recession displays a remarkable resemblance to that observed in past severe recessions.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michael W. L. Elsby & Bart Hobijn & Aysegul Sahin, 2010. "The Labor Market in the Great Recession," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 41(1 (Spring), pages 1-69.
    • Handle: RePEc:bin:bpeajo:v:41:y:2010:i:2010-01:p:1-69
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    More about this item

    Keywords

    macroeconomics; historical economics; labor market; recession; great recession;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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