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

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  • Takhtamanova, Yelena F.

    (Federal Reserve Bank of San Francisco)

  • Sierminska, Eva

    (Luxembourg Institute of Socio-Economic Research (LISER))

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.

Suggested Citation

  • Takhtamanova, Yelena F. & Sierminska, Eva, 2016. "Impact of the Great Recession on Industry Unemployment: A 1976-2011 Comparison," IZA Discussion Papers 10340, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp10340
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    References listed on IDEAS

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    Cited by:

    1. Christopher Roth & Johannes Wohlfart, 2020. "How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior?," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 731-748, October.
    2. Laudenbach, Christine & Loos, Benjamin & Pirschel, Jenny & Wohlfart, Johannes, 2020. "The trading response of individual investors to local bankruptcies," SAFE Working Paper Series 272, Leibniz Institute for Financial Research SAFE.
    3. Christine Laudenbach & Benjamin Loos & Jenny Pirschel & Johannes Wohlfart, 2020. "The Trading Response of Individual Investors to Local Bankruptcies," CESifo Working Paper Series 8191, CESifo.

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    More about this item

    Keywords

    unemployment; worker flows; job finding rate; separation rate; industry;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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