Restructuring opportunity: employment change and job quality in the United States during the Great Recession

2018 ◽  
Vol 17 (3) ◽  
pp. 545-572 ◽  
Author(s):  
M Anne Visser
Keyword(s):  
Great Recession ◽  
The United States ◽  
Job Quality ◽  
Employment Change ◽  
The Great Recession ◽  
Time Period ◽  
Innovative Methodology ◽  
The Usa ◽  
Job Polarization ◽  
Nuanced Understanding

Abstract Research continues to stress the influence job polarization has had on employment and economic opportunity in the USA. However, much of this literature is based on studies focused on time periods of economic expansion, and the knowledge base lacks a nuanced understanding of structural employment change during economic downturns and the temporally and spatially distinctive dynamics of such shifts. Using an innovative methodology for measuring job quality, the study provides an empirical analysis of employment shifts that occurred during the Great Recession both quantitatively (how many jobs created or destroyed) as well as qualitatively (what types of jobs created or destroyed). A notable feature of the shifts observed in the employment structure during this time period is a deepening pattern of inequality in the labor market characterized by increased wage polarization for all workers and evidence of downgrading experienced by male workers across all three measures of job quality.

scholarly journals Measuring the availability of “good jobs” in the United States for working-class men during the Great Recession and recovery

2020 ◽  
Author(s):  
Janette Dill ◽  
Robert Francis
Keyword(s):  
Working Class ◽  
Great Recession ◽  
Food Service ◽  
The United States ◽  
Job Quality ◽  
Full Time ◽  
The Great Recession ◽  
Predicted Probability ◽  
Time Work ◽  
The Impact

In this study, we use the 2004, 2008, and 2014 panels of the Survey for Income and Program Participation (SIPP) to measure the impact of the Great Recession and recovery on the availability of “good jobs” for men without a college degree. We define “good jobs” using a cluster of job quality measures, including wage thresholds of at least $15, $20, or $25 per hour, employer-based health insurance, full-time work hours, and protection from layoff. We find that the Great Recession and aftermath (2008-2015) resulted in a 1-10% reduced probability of being in a “good job” across most industries, with especially large losses in manufacturing, retail, transportation, and food service (compared to 2004-2007). In the 2014 panel, there is only a slight post-recession recovery in the predicted probability of being in a “good job,” and the probability of being in a “good job” remains well below 2004 levels. Although the probability of being on layoff from a “good jobs” does decrease substantially in the 2014 cohort as compared to the rate of layoff during the Great Recession, our clustered measure of job quality shows that access to “good jobs” remains limited for most working-class men and that the recovery from the Recession has largely not reached the working-class.

scholarly journals Did the Great Recession increase suicides in the USA? Evidence from an Interrupted Time Series analysis

2019 ◽  
Author(s):  
Sam Harper
Keyword(s):  
Great Recession ◽  
Interrupted Time Series ◽  
The United States ◽  
Interrupted Time Series Analysis ◽  
Men And Women ◽  
The Great Recession ◽  
Suicide Rates ◽  
The Usa ◽  
And Gender ◽  
The Impact

PurposeResearch suggests that the Great Recession of 2007–2009 led to nearly 5000 excess suicides in the United States. However, prior work has not accounted for seasonal patterning and unique suicide trends by age and gender.MethodsWe calculated monthly suicide rates from 1999 to 2013 for men and women aged 15 and above. Suicide rates before the Great Recession were used to predict the rate during and after the Great Recession. Death rates for each age-gender group were modeled using Poisson regression with robust variance, accounting for seasonal and nonlinear suicide trajectories.ResultsThere were 56,658 suicide deaths during the Great Recession. Age- and gender-specific suicide trends before the recession demonstrated clear seasonal and nonlinear trajectories. Our models predicted 57,140 expected suicide deaths, leading to 482 fewer observed than expected suicides (95% confidence interval −2079, 943).ConclusionsWe found little evidence to suggest that the Great Recession interrupted existing trajectories of suicide rates. Suicide rates were already increasing before the Great Recession for middle-aged men and women. Future studies estimating the impact of recessions on suicide should account for the diverse and unique suicide trajectories of different social groups.

scholarly journals Food Insecurity in the United States of America: A Comparison 2 between the Great Recession and the COVID-19 Pandemic

2021 ◽  
Author(s):  
Anne Mook ◽  
Emily Swanson
Keyword(s):  
United States ◽  
Food Insecurity ◽  
Great Recession ◽  
United States Of America ◽  
The United States ◽  
Food Banks ◽  
Food Services ◽  
The Great Recession ◽  
The World ◽  
The Usa

The Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), also known as COVID-19, altered everyday life in the United States of America and around the world. In 2020, 20,727,942 people residing in the United States of America were infected, with 356,666 succumbing to the virus.” Social distancing measures discouraged in-person interaction which led to many businesses, schools, and food services having to operate at reduced capacity or to close completely. Soon after, revenues declined, employees were dismissed, and numerous businesses were forced to file bankruptcy. Consequently, the number of people in the United States of America who struggle to put food on the table has increased. Newspaper and media outlets showed long lines of people seeking assistance from food banks across the USA . This chapter discusses the economic ramification of spread mitigations strategies, a severe economic crisis, and a rapid increase in food insecurity.

Disruptive Soft Law and Post-Crisis US Reform

2018 ◽  
Author(s):  
Abraham L. Newman ◽  
Elliot Posner
Keyword(s):  
Financial Markets ◽  
Great Recession ◽  
Regulatory Reform ◽  
The United States ◽  
Soft Law ◽  
Long Term Effects ◽  
The Great Recession ◽  
The Us ◽  
International Interaction

Chapter 6 examines the long-term effects of international soft law on policy in the United States since 2008. The extent and type of post-crisis US cooperation with foreign jurisdictions have varied considerably with far-reaching ramifications for international financial markets. Focusing on the international interaction of reforms in banking and derivatives, the chapter uses the book’s approach to understand US regulation in the wake of the Great Recession. The authors attribute seemingly random variation in the US relationship to foreign regulation and markets to differences in pre-crisis international soft law. Here, the existence (or absence) of robust soft law and standard-creating institutions determines the resources available to policy entrepreneurs as well as their orientation and attitudes toward international cooperation. Soft law plays a central role in the evolution of US regulatory reform and its interface with the rest of the world.

scholarly journals Money and credit during normal times and house price booms: evidence from time-frequency analysis

Empirica ◽  
2019 ◽  
Vol 47 (4) ◽  
pp. 835-861
Author(s):  
Maciej Ryczkowski
Keyword(s):  
Great Recession ◽  
House Prices ◽  
House Price ◽  
Industrialized Countries ◽  
Time Frequency ◽  
The Great Recession ◽  
Time Period ◽  
Price Boom ◽  
The Us ◽  
Short Run

Abstract I analyse the link between money and credit for twelve industrialized countries in the time period from 1970 to 2016. The euro area and Commonwealth Countries have rather strong co-movements between money and credit at longer frequencies. Denmark and Switzerland show weak and episodic effects. Scandinavian countries and the US are somewhere in between. I find strong and significant longer run co-movements especially around booming house prices for all of the sample countries. The analysis suggests the expansionary policy that cleans up after the burst of a bubble may exacerbate the risk of a new house price boom. The interrelation is hidden in the short run, because the co-movements are then rarely statistically significant. According to the wavelet evidence, developments of money and credit since the Great Recession or their decoupling in Japan suggest that it is more appropriate to examine the two variables separately in some circumstances.

scholarly journals SINCRONIZACIÓN DE LOS CICLOS ECONÓMICOS DE MÉXICO Y ESTADOS UNIDOS: UN ENFOQUE DE CORRELACIÓN DINÁMICA

2021 ◽  
Vol 81 (319) ◽  
pp. 37
Author(s):  
Dulce Albarrán Macías ◽  
Pablo Mejía Reyes ◽  
Francisco López Herrera
Keyword(s):  
United States ◽  
Business Cycles ◽  
Great Recession ◽  
The United States ◽  
Conditional Correlation ◽  
Dynamic Conditional Correlation ◽  
Dynamic Correlation ◽  
Time Period ◽  
The Common ◽  
The Business Cycle

<p>El objetivo de este documento es analizar la sincronización de los ciclos económicos de México y Estados Unidos durante el periodo 1981-2017 mediante la estimación de un coeficiente de correlación condicional dinámica que permite tener una estimación para cada periodo de tiempo. Los resultados, obtenidos a partir de distintos indicadores de producción y métodos de eliminación de tendencia, muestran un aumento desde la apertura de la economía mexicana a mediados de la década de 1980, especialmente durante las recesiones de 2001-2002 y 2008-2009 y también una serie de descensos aislados, explicados por diferencias en los ritmos de crecimiento de ambas economías, y una declinación sostenida en la fase pos-Gran Recesión que se explica principalmente por reducciones en el comercio exterior.</p><p> </p><p align="center">SYNCHRONIZATION OF THE BUSINESS CYCLES OF MEXICO AND THE UNITED STATES: A DYNAMIC CORRELATION APPROACH</p><p align="center"><strong>ABSTRACT</strong></p><p>The objective of this paper is to analyze the business cycle synchronization of Mexico and the United States over the period 1981-2017 by estimating a dynamic conditional correlation coefficient that allows us to have an estimate for each time period. The results, obtained from different production indicators and different de-trending methods, show an increase in this synchronization after the opening of the Mexican economy in the mid-eighties, especially during the common recessions of 2001-2002 and 2008-2009, and some isolated drops explained by differences in the growth rates of both economies as well as a sustained decline in the post-Great Recession phase resulting from the decline of international trade.</p>

scholarly journals What Employers Want from Interns: Demand-Side Trends in the Internship Market

2020 ◽  
Author(s):  
Carrie Shandra
Keyword(s):  
Labor Market ◽  
Great Recession ◽  
Career Transition ◽  
The United States ◽  
Demand Side ◽  
Entry Level ◽  
The Great Recession ◽  
Education Experience ◽  
College Career ◽  
Skill Requirements

Internships have become a ubiquitous component of the college-career transition, yet empirical evidence of the internship market is limited. This study uses data from 1.3 million internship postings collected between 2007-2016 in the United States to (1) identify trends in internship education, experience, and skill requirements over the Great Recession and recovery periods; (2) evaluate how these trends correspond to those observed in the traditional labor market; and (3) assess robustness across labor market sectors. Results indicate that internship education and skill requirements increased substantially throughout the recession and recovery periods, indicative of a longer-term structural shift in employer expectations about internship hiring. Additionally, growth in internship education and skill requirements largely outpaced growth in non-internship education and skill requirements over the same period, suggesting potential substitution of non-interns with interns. Post-recession employers still consider internships to be entry-level positions—yet now expect interns to have skills in hand.

scholarly journals The Differential Incidence and Severity of Food Insecurity by Racial, Ethnic, and Immigrant Groups over the Great Recession in the United States

2018 ◽  
Vol 108 ◽  
pp. 379-383 ◽  
Author(s):  
Alfonso Flores-Lagunes ◽  
Hugo B. Jales ◽  
Judith Liu ◽  
Norbert L. Wilson
Keyword(s):  
Food Insecurity ◽  
Great Recession ◽  
Decomposition Analysis ◽  
The United States ◽  
Structural Factors ◽  
Immigrant Status ◽  
The Great Recession ◽  
Extensive And Intensive Margins ◽  
Race Ethnicity ◽  
Racial Ethnic

We document the differences in food insecurity incidence and severity by race/ethnicity and immigrant status over the Great Recession. We show that the disadvantaged groups with a higher incidence of food insecurity do not necessarily have a higher severity of food insecurity, which underscores the importance of examining both the extensive and intensive margins of food insecurity. Our decomposition analysis indicates that the contribution of compositional and structural factors to the observed differences in exposure to food insecurity is heterogeneous across these groups and over the Great Recession. Finally, SNAP does not seem to fundamentally change the patterns documented.

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