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Has structural change contributed to a jobless recovery? Author info | Abstract | Publisher info | Download info | Related research | Statistics Erica L. Groshen
Simon Potter
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The current recovery has seen steady growth in output but no corresponding rise in employment. A look at layoff trends and industry job gains and losses in 2001-03 suggests that structural change - the permanent relocation of workers from some industries to others - may help explain the stalled growth in jobs.
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Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance .
Volume (Year): (2003)
Issue (Month): Aug ()
Pages:
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Handle: RePEc:fip:fednci:y:2003:i:aug:n:v.9no.8Contact details of provider: Postal: 33 Liberty Street, New York, NY 10045-0001 Email: Web page: http://www.newyorkfed.org/ More information through EDIRC
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Keywords: Business cycles ; Employment (Economic theory) ; Labor mobility ; Unemployment ; Industries ; Recessions ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: James A. Kahn & Margaret M. McConnell & Gabriel Perez-Quiros, 2002.
"On the causes of the increased stability of the U.S. economy ,"
Economic Policy Review ,
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[Downloadable!]
Mark Schweitzer, 2003.
"Another jobless recovery? ,"
Economic Commentary ,
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Stacey L. Schreft & Aarti Singh, 2003.
"A closer look at jobless recoveries ,"
Economic Review ,
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Steven J. Davis & John C. Haltiwanger & Scott Schuh, 1998.
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Andrew Figura, 2002.
"The cyclical behavior of short-term and long-term job flows ,"
Finance and Economics Discussion Series
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Andrew Figura & William Wascher, 2008.
"The causes and consequences of economic restructuring: evidence from the early 21st century ,"
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David Andolfatto & Glenn MacDonald, 2004.
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R. Jason Faberman, 2006.
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Stephen D. Oliner & Daniel E. Sichel. & Kevin J. Stiroh, 2007.
"Explaining a productive decade ,"
Finance and Economics Discussion Series
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Other versions: Andrew Figura, 2003.
"The effect of restructuring on unemployment ,"
Finance and Economics Discussion Series
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Yilmaz Akyuz, 2006.
"From Liberalization To Investment and Jobs: Lost in Translation ,"
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R. Jason Faberman, 2008.
"Job flows, jobless recoveries, and the Great Moderation ,"
Working Papers
08-11, Federal Reserve Bank of Philadelphia.
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Erica L. Groshen & Simon Potter & Rebecca J. Sela, 2004.
"Economic restructuring in New York State ,"
Current Issues in Economics and Finance ,
Federal Reserve Bank of New York, issue Jun.
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Jörg Polzehl & Vladimir Spokoiny & Catalin Starica, 2006.
"When did the 2001 recession really start? ,"
SFB 649 Discussion Papers
SFB649DP2006-032, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
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Other versions: Julie L. Hotchkiss & John C. Robertson, 2006.
"Asymmetric labor force participation decisions over the business cycle: evidence from U.S. microdata ,"
Working Paper
2006-08, Federal Reserve Bank of Atlanta.
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Steven J. Davis & James A. Kahn, 2008.
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Staff Reports
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Steven J. Davis & James A. Kahn, 2008.
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Journal of Economic Perspectives ,
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Giovanni Gallipoli & Gianluigi Pelloni, 2008.
"Aggregate Shocks vs Reallocation Shocks: an Appraisal of the Applied Literature ,"
Working Paper Series
27-08, Rimini Centre for Economic Analysis, revised Jan 2008.
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R. Jason Faberman, 2004.
"Gross Job Flows over the Past Two Business Cycles: Not all 'Recoveries' are Created Equal ,"
Working Papers
372, U.S. Bureau of Labor Statistics.
[Downloadable!]
Kevin J. Stiroh, 2006.
"Volatility accounting: a production perspective on increased economic stability ,"
Staff Reports
245, Federal Reserve Bank of New York.
[Downloadable!]
Kevin L. Kliesen, 2007.
"How well does employment predict output? ,"
Review ,
Federal Reserve Bank of St. Louis, issue Sep, pages 433-446.
[Downloadable!]
Julie L. Hotchkiss & M. Melinda Pitts & John C. Robertson, 2003.
"The ups and downs of jobs in Georgia: what can we learn about employment dynamics from state administrative data? ,"
Working Paper
2003-38, Federal Reserve Bank of Atlanta.
[Downloadable!]
Daniel Aaronson & Ellen Rissman & Daniel G. Sullivan, 2004.
"Assessing the jobless recovery ,"
Economic Perspectives ,
Federal Reserve Bank of Chicago, issue Q II, pages 2-21.
[Downloadable!]
Stacey L. Schreft & Aarti Singh & Ashley Hodgson, 2005.
"Jobless recoveries and the wait-and-see hypothesis ,"
Economic Review ,
Federal Reserve Bank of Kansas City, issue Q IV, pages 81-99.
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Yilmaz Akyuz, 2008.
"Managing Financial Instability in Emerging Markets: A Keynesian Perspective ,"
Working Papers
2008/4, Turkish Economic Association.
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Tiff Macklem & Francisco Barillas, 2005.
"Recent Developments in the Canada-US Unemployment Rate Gap: Changing Patterns in Unemployment Incidence and Duration ,"
Canadian Public Policy ,
University of Toronto Press, vol. 31(1), pages 101-108, March.
[Downloadable!] (restricted)
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