| |
| Verfasst von: | Yagan, Danny |
|---|---|
| Titel: | Employment Hysteresis from the Great Recession |
| Verlagsort: | Chicago |
| Verlag: | The University of Chicago Press |
| University of Chicago, acting through its Press | |
| Jahr: | 2019 |
| Inhalt: | This paper uses US local areas as a laboratory to test for long-term impacts of the Great Recession. In administrative longitudinal data, I estimate that exposure to a 1 percentage point larger 2007–9 local unemployment shock reduced 2015 working-age employment rates by over 0.3 percentage points. Rescaled, this long-term recession impact accounts for over half of the 2007–15 US age-adjusted employment decline. Impacts were larger among older and lower-earning individuals and typically involved a layoff but are present even in a mass-layoffs sample. Disability insurance and out-migration yielded little income replacement. These findings reveal that the Great Recession imposed employment and income losses even after unemployment rates signaled recovery. |
| ISSN: | 0022-3808 |
| Titel Quelle: | The Journal of political economy |
| Jahr Quelle: | 2019 |
| Band/Heft Quelle: | 127, 5, S. 2505-2558 |
| DOI: | doi:10.1086/701809 |
| URL: | http://www.ub.uni-heidelberg.de/cgi-bin/edok?dok=https%3A%2F%2Ffanyv88.com%3A443%2Fhttps%2Fwww.journals.uchicago.edu%2Fdoi%2Fabs%2F10.1086%2F701809 |
| http://www.ub.uni-heidelberg.de/cgi-bin/edok?dok=https%3A%2F%2Ffanyv88.com%3A443%2Fhttps%2Fsearch.proquest.com%2Fdocview%2F2303544331 | |
| DOI: https://doi.org/10.1086/701809 | |
| Sprache: | English |
| Sach-SW: | Disability |
| Economic theory | |
| Employment | |
| Great Recession | |
| Insurance | |
| Political economy | |
| Recessions | |
| Unemployment | |
| Verknüpfungen: | → Sammelwerk |
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