The Labor Market Four Years Into the Crisis: Assessing Structural Explanations

Jesse Rothstein

No 17966, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have concluded that "structural" impediments to recovery bear some of the blame. This paper reviews such structural explanations. I find that there is little evidence supporting these hypotheses, and that the bulk of the evidence is more consistent with the hypothesis that continued poor performance is primarily attributable to shortfalls in the aggregate demand for labor.

JEL-codes: E24 E32 E6 J21 J3 J63 J64 (search for similar items in EconPapers)
Date: 2012-03
New Economics Papers: this item is included in nep-lab and nep-mac
Note: EFG LS
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Citations: View citations in EconPapers (51)

Published as Jesse Rothstein, 2012. "The Labor Market Four Years into the Crisis: Assessing Structural Explanations," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 65(3), pages 437-500, July.

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Working Paper: The Labor Market Four Years Into the Crisis: Assessing Structural Explanations (2012)
Working Paper: The Labor Market Four Years Into the Crisis: Assessing Structural Explanations (2012)
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