Employment patterns during the recovery: Who are getting the jobs and why?
AbstractEmployment gains during the recovery have differed sharply depending on workers' level of education, age, and gender. Workers with high levels of education, workers age 55 and older, and men have experienced the strongest employment gains in the recovery. ; Sahin and Willis analyze these employment patterns and find that the patterns appear to reflect two key factors: long-term trends and cyclical fluctuations. The strong employment growth for highly educated and older workers is a continuation of longer term shifts toward a more highly educated workforce and the aging of the baby boom generation. The employment gains for men are associated with men having a stronger cyclical attachment to the labor force when labor market conditions are weak. ; Employment and population patterns suggest that weak demand rather than a mismatch of workers and jobs is the primary explanation for the sluggish recovery. While highly educated workers have experienced the largest job gains, the demand for these workers has not kept pace with the growing population of highly educated workers. Regarding the skewed gains for men, evidence suggests that men are more likely to accept less desirable employment opportunities in periods of weak labor demand, signified by high unemployment and falling wages.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Kansas City in its journal Economic Review.
Volume (Year): (2011)
Issue (Month): Q III ()
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