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Impact of the Great Recession on Industry Unemployment: A 1976-2011 Comparison

Yelena F. Takhtamanova (yelena.takhtamanova@sf.frb.org) and Eva Sierminska
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Yelena F. Takhtamanova: Federal Reserve Bank of San Francisco

No 10340, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: unemployment; worker flows; job finding rate; separation rate; industry (search for similar items in EconPapers)
JEL-codes: J1 J6 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2016-11
New Economics Papers: this item is included in nep-lab
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Citations: View citations in EconPapers (5)

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Working Paper: Impact of the Great Recession on industry unemployment: a 1976-2011 comparison (2017) Downloads
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