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Impact of the Great Recession on industry unemployment: a 1976-2011 comparison

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  • Takhtamanova, Yelena

    (Federal Reserve Bank of San Francisco)

  • Sierminska, Eva

    (UNU-MERIT, and LISER, Luxembourg)

Abstract

This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild recovery. Previous studies have examined the demographic aspect of the recession. We focus on specific industries. Consequently, we propose a methodology to decompose changes in the unemployment rate into worker inflows and outflows across industry groups and outline the unique characteristics of the latest recession (including examining cyclical and structural forces). We use harmonized-reclassified industry data for 1976-2011 in the United States, which allows us to make comparisons previously not possible.

Suggested Citation

  • Takhtamanova, Yelena & Sierminska, Eva, 2017. "Impact of the Great Recession on industry unemployment: a 1976-2011 comparison," MERIT Working Papers 2017-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2017003
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    References listed on IDEAS

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    Cited by:

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    2. Laudenbach, Christine & Loos, Benjamin & Pirschel, Jenny & Wohlfart, Johannes, 2020. "The trading response of individual investors to local bankruptcies," SAFE Working Paper Series 272, Leibniz Institute for Financial Research SAFE.
    3. Christine Laudenbach & Benjamin Loos & Jenny Pirschel & Johannes Wohlfart, 2020. "The Trading Response of Individual Investors to Local Bankruptcies," CESifo Working Paper Series 8191, CESifo.

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    More about this item

    Keywords

    Unemployment; Worker Flows; Job Finding Rate; Separation Rate; Industry;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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