The stagnant labor market: some aspects of the bleak picture
In this paper, we examine the labor market during the Great Recession and find some startling features underlying the stagnation and decline of 2007-10. The population in the labor force has stagnated while the population that is out of the labor force has grown sharply. For the first time since we have had adequate data, the likelihood of an individual leaving the labor force from being unemployed is higher than the likelihood that he or she will move from unemployment to employment. We argue that the most plausible reasons for the continued slump in the labor market have to do with inadequate aggregate demand and are not because of structural or skill-mismatch reasons.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 33 (2011)
Issue (Month): 3 (April)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348 |
When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:33:y:2011:i:3:p:435-450. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.