Employment hysteresis from the great recession
This paper uses US local areas as a laboratory to test for long-term impacts of the Great Recession. In administrative longitudinal data, I estimate that exposure to a 1 percentage point larger 2007–9 local unemployment shock reduced 2015 working-age employment rates by over 0.3 percentage points. R...
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| Format: | Article |
| Language: | English |
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University of Chicago Press
2019
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| Online Access: | View Fulltext in Publisher |