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The case of the reluctant recovery

William E. Cullison

Economic Review, 1992, vol. 78, issue Jul, 3-13

Abstract: Anecdotal evidence has it that the 1990-91 downturn was a predominantly white-collar, or middle management, recession. The data, however, show that the recession affected virtually all occupational groups. Moreover, by standards of past recessions, the 1990-91 downturn was relatively mild. It is the failure of employment to recover that is unusual. Evidence presented here indicates that the economys behavior results from a blend of cyclical and structural factors, with the structural factors delaying the recovery.

Keywords: Recessions (search for similar items in EconPapers)
Date: 1992
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