Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/149199 
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers No. 10340
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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.
Subjects: 
unemployment
worker flows
job finding rate
separation rate
industry
JEL: 
J1
J6
Document Type: 
Working Paper

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