scholarly journals Estimating Hysteresis Effects

2021 ◽  
Vol 2021 (058) ◽  
pp. 1-35
Author(s):  
Francesco Furlanetto ◽  
◽  
Antoine Lepetit ◽  
Ørjan Robstad ◽  
Juan Rubio-Ramírez ◽  
...  
Keyword(s):  
United States ◽  
Labor Force ◽  
Labor Force Participation ◽  
Great Recession ◽  
Strong Evidence ◽  
The United States ◽  
Demand Shocks ◽  
The Great Recession ◽  
Permanent Effect

In this paper we identify demand shocks that can have a permanent effect on output through hysteresis effects. We call these shocks permanent demand shocks. They are found to be quantitatively important in the United States, in particular when the Great Recession is included in the sample. Recessions driven by permanent demand shocks lead to a permanent decline in employment and investment, while output per worker is largely unaffected. We find strong evidence that hysteresis transmits through a rise in long-term unemployment and a decline in labor force participation and disproportionately affects the least productive workers.

The Great Recession and Economic Outcomes for Indigenous Peoples in the United States

2021 ◽  
Vol 695 (1) ◽  
pp. 143-157
Author(s):  
Randall Akee
Keyword(s):  
United States ◽  
Labor Force ◽  
Indigenous Peoples ◽  
Labor Force Participation ◽  
Great Recession ◽  
Recovery Period ◽  
The United States ◽  
Earnings Inequality ◽  
Participation Rates ◽  
The Great Recession

This article examines the earnings and employment experience of American Indians and Alaska Natives (AIAN) and Native Hawaiians and Pacific Islanders (NHPI) residing in the United States during and after the Great Recession. I compare these populations to non-Hispanic whites over the same time period with respect to median earnings and inequality, labor force participation rates, earnings by location, educational attainment, and occupational status. I find that the AIAN population has the lowest median earnings and highest level of earnings inequality. NHPI and AIAN experience a sharp increase in earnings inequality over the Great Recession and AIAN have a pronounced drop in labor force participation; these inequality measures remained elevated and stable over the recovery period especially for the AIAN population. Indigenous peoples employed in food services occupations experienced the least amount of earnings decline over the Great Recession, while those employed in construction and sales experienced larger declines. Labor force participation rates dropped most dramatically for the AIAN population over the Great Recession and remained at a new lower level in the recovery period. The analysis shows that there are stark differences across time, space, and occupation for these groups.

scholarly journals Labor Market Trends and Outcomes: What Has Changed since the Great Recession?

2021 ◽  
Vol 695 (1) ◽  
pp. 49-69
Author(s):  
Erica L. Groshen ◽  
Harry J. Holzer
Keyword(s):  
High School ◽  
Labor Force ◽  
Labor Force Participation ◽  
Great Recession ◽  
High School Education ◽  
The Great Recession ◽  
Long Term Trends ◽  
Market Trends ◽  
Early Effects

This article describes 40 years of trends in wages and labor force participation for the “working class”—workers with a high school education or less—compared to workers with a college degree or more. We compare cyclical peaks over the entire period 1979 to 2019, with particular focus on the Great Recession (2007–2010) and recovery (2010–2019). We also present results by gender and race. We find real wage growth for all workers in the recovery from the Great Recession, but not enough to change the long-term trends of growing inequality and stagnant wages for the less educated. We also find that labor force participation continued to decline for the less educated, even during the recovery. Gaps between whites and Blacks grew, while Hispanics and Asians made more progress than Blacks. We consider various explanations for these findings and show that the early effects of the 2020 to 2021 pandemic recession hurt less-educated workers and those of color more than anyone else.

scholarly journals Punishment Beyond the Deportee: The Collateral Consequences of Deportation

2019 ◽  
Vol 63 (9) ◽  
pp. 1331-1349 ◽  
Author(s):  
Tanya Golash-Boza
Keyword(s):  
United States ◽  
Transition To Adulthood ◽  
Great Recession ◽  
Family Members ◽  
The United States ◽  
Collateral Consequences ◽  
The Great Recession ◽  
Long Term Consequences ◽  
Insight Into

Deportations from the United States reached record highs in the aftermath of the Great Recession (2007-2009). At the peak of this wave of deportations, over 400,000 people were deported from the United States—as many in 1 year as in the entire decade of the 1980s. The majority of these deportees have U.S. citizen family members, nearly all of whom continue to live in the United States. Over 90% of these deportees are men, and nearly all are sent to Latin America, creating gendered and raced consequences for specific communities. This article draws from interviews with 27 people from California who experienced the deportation of a family member to provide insight into the effects of deportation on these families. This article builds on scholarship on the collateral consequences of incarceration to enhance our understanding of the collateral consequences of deportation. The findings reveal that family members face short, medium, and long-term consequences in the aftermath of a deportation and that many adolescents are forced to make an abrupt transition to adulthood when one or both of their parents is deported.

scholarly journals The Impact of the Great Recession on Mothers’ Employment

2020 ◽  
Author(s):  
Liana Christin Landivar
Keyword(s):  
Labor Force ◽  
Labor Force Participation ◽  
Great Recession ◽  
Job Experience ◽  
The Great Recession ◽  
Married Mothers ◽  
Employment Rates ◽  
Tight Labor Market ◽  
The Impact

In all recent recessions, men’s unemployment has been higher than women’s because they are disproportionately likely to be concentrated in cyclical industries such as construction and manufacturing. This recession has been particularly severe for men and women, as they are both experiencing unprecedented levels of long-term unemployment, along with declining wages. Because of the severity of the recession, married mothers of young children may have increased their labor force participation to compensate for their husbands’ under- or unemployment. Using 2006 and 2010 American Community Survey data, I show that married mothers’ increased labor force participation likely occurred in households that were less economically disadvantaged prior to the recession. The demand for married women’s employment should have been stronger in households where men were employed in industries that were hard-hit by the recession. However, employment rates were lower among women married to men with lower earnings who are or were employed in construction and agriculture, the two industries with the highest levels of unemployment. Because their wives were less likely to be employed prior to the start of the recession, they may have been at a stronger disadvantage in obtaining employment in a tight labor market without recent job experience.

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.

Sign in / Sign up

Export Citation Format

Share Document