The DOI matches its Crossref record; 124 of the 124 references it cites were found in a registry or an index.
The Labor Market in the Great Recession
Open accessAbstract
From the perspective of a wide range of labor market outcomes, the recession that began in 2007 represents the deepest downturn in the postwar era. Early on, the nature of labor market adjustment displayed a notable resemblance to that observed in past severe downturns. During the latter half of 2009, however, the path of adjustment exhibited important departures from that seen during and after prior deep recessions. Recent data point to two warning signs going forward. First, the record rise in long-term unemployment may yield a persistent residue of long-term unemployed workers with weak search effectiveness. Second, conventional estimates suggest that the extension of Emergency Unemployment Compensation may have led to a modest increase in unemployment. Despite these forces, we conclude that the problems facing the U.S. labor market are unlikely to be as severe as the European unemployment problem of the 1980s.
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Citations
Cites
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Katz, L. F., & Murphy, K. M. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118323 · Cited by 4,793
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Piketty, T., & Saez, E. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535135 · Cited by 3,769
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Cited by
Who Suffers During Recessions?
Hoynes, H., Miller, D. L., & Schaller, J. (2012) · Journal of Economic Perspectives · doi:10.1257/jep.26.3.27 · Cited by 699
Current Issues in Economics and Finance
(2017) · Springer eBooks · doi:10.1007/978-981-10-5810-3 · Cited by 494
Financing constraints and unemployment: Evidence from the Great Recession
Duygan-Bump, B., Levkov, A., & Montoriol-Garriga, J. (2015) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2014.12.011 · Cited by 296
On the importance of the participation margin for labor market fluctuations
Elsby, M. W. L., Hobijn, B., & Şahin, A. (2015) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2015.01.004 · Cited by 276
Self-citationGallagher, R. J., Frank, M. R., Mitchell, L., Schwartz, A. J., Reagan, A. J., Danforth, C. M., & Dodds, P. S. (2021) · EPJ Data Science · doi:10.1140/epjds/s13688-021-00260-3 · Cited by 70
“The Great Recession, which spanned from the end of 2007 to 2012, is one of the most significant economic disruptions in the United States’ history [53].”
Metadata
- Authors
- Elsby, M. W. L., Hobijn, B., & Şahin, A.
- Venue
- Brookings Papers on Economic Activity
- Publisher
- Project MUSE
- Published
- 2010-03
- Volume
- 2010
- Issue
- 1
- Pages
- 1-48
- ISSN
- 0007-2303 (ISSN-L)
- 1533-4465
- OpenAlex
- W2163766933
- Cited by
- 447
- References
- 124
- FWCI
- 114.32
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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