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The Labor Market Four Years Into the Crisis: Assessing Structural Explanations

  • Rothstein, Jesse

Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have concluded that “structural†impediments to recovery bear some of the blame. This paper reviews such structural explanations. I find that there is little evidence supporting these hypotheses, and that the bulk of the evidence is more consistent with the hypothesis that continued poor performance is primarily attributable to shortfalls in the aggregate demand for labor.

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Paper provided by Institute of Industrial Relations, UC Berkeley in its series Institute for Research on Labor and Employment, Working Paper Series with number qt2x576316.

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Date of creation: 26 Mar 2012
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Handle: RePEc:cdl:indrel:qt2x576316
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