Black Employment Trends since the Great Recession

Thomas Masterson

Economics Working Paper Archive from Levy Economics Institute

Abstract: The Great Recession had a devastating impact on labor force participation and employment. This impact was not unlike other recessions, except in size. The recovery, however, has been unusual not so much for its sluggishness but for the unusual pattern of recovery in employment by race. The black employment-population ratio has increased since bottoming out in 2010, while the white employment-population ratio has remained flat. This paper examines trends in labor force participation and employment by race, sex, and age and determines that the explanation is a combination of an aging white population and an increase in labor force participation among younger black people. It estimates the likelihood of labor force participation and employment among young men and women to control for confounding factors (such as changes in educational characteristics) and decomposes the gaps among groups and the changes over time in labor force participation using a Oaxaca-Blinder-like technique for nonlinear estimations. Findings indicate that much smaller negative impacts of characteristics and greater returns to characteristics among young black men and women than among young white men and women explain the observed trends.

Keywords: Racial Disparities; Labor Force Participation; Employment; United States (search for similar items in EconPapers)
JEL-codes: J11 J21 J71 (search for similar items in EconPapers)
Date: 2018-09
New Economics Papers: this item is included in nep-lma
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