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

Autor/inn/en	Groshen, Erica L.; Holzer, Harry J.
Institution	W. E. Upjohn Institute for Employment Research (Kalamazoo, Mich.)
Titel	Labor Market Trends and Outcomes: What Has Changed since the Great Recession? Gefälligkeitsübersetzung: Arbeitsmarkttrends und -ergebnisse: Was hat sich seit der Großen Rezession verändert?
Quelle	Kalamazoo, Mich. (2021), 31 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	Upjohn Institute working paper. 342
Sprache	englisch
Dokumenttyp	online; Monographie
DOI	10.17848/wp21-342
Schlagwörter	Konjunktur; Konjunkturzyklus; Arbeiterklasse; USA; Qualifikation; Lohnentwicklung; Ethnische Gruppe; Konjunkturaufschwung; Reallohn; Rezession; Arbeiterklasse; Konjunktur; Konjunkturaufschwung; Konjunkturzyklus; Lohnentwicklung; Reallohn; Rezession; Arbeitsmarktentwicklung; Erwerbsbeteiligung; Niedrig Qualifizierter; Qualifikation; Ethnische Gruppe; USA
Abstract	"We describe trends in wages and labor force participation for the 'working class''whom we define as workers with high school or less education-compared to those with college or more. We compare cyclical peaks over the entire period 1979-2019, 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 in the latter period for all workers, but not enough to change the long-term trends of growing inequality and stagnant wages for the less-educated; and we also find that labor force participation continued to decline for the less-educated, even during the recovery. Gaps between whites and blacks also grew, while Hispanics and Asians made more progress. We consider various explanations of these findings and show that the early effects of the 2020-2021 pandemic recession hurt less-educated workers and those of color more than anyone else." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2021/3