Full Citation
Title: Masking and Employment Changes During the 2000s: Housing Booms and Manufacturing Decline
Citation Type: Miscellaneous
Publication Year: 2015
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Abstract: Employment among adults aged 21-55 (henceforth, “prime-aged”), has fallen substantially since 2000, with virtually all of the decline coming from those without a Bachelor’s degree (henceforth, “non-college”). Data from the March Current Population Survey (CPS) indicate that the employment rate for prime-aged, less-educated men hovered around 85 percent from 1980 to 2000, then started to fall in the early 2000s.1 Besides its concentration among the relatively less-educated, another defining feature of the decline in employment since 2000 is that most of it occurred during the Great Recession, with rates falling from 83 percent to 75 percent, and from 68 to 63 percent between 2007 and 2010 for primeaged non-college men and women, respectively. The overwhelming majority of the active literature attempting to explain the recent decline in employment has studied alternative “cyclical” explanations for the sharp decline in employment during the recession. One strand of this work studies the role of the negative shocks to household balance sheets and bank balance sheets that arose from the recession. This decline accelerated . . .
Url: https://faculty.chicagobooth.edu/erik.hurst/research/CHN_masking_and_employment_changes_Nov2015.pdf
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Authors: Kofi Charles, Kerwin; Hurst, Erik; Notowidigdo, Matthew J
Publisher: University of Chicago
Data Collections: IPUMS USA, IPUMS CPS
Topics: Labor Force and Occupational Structure, Other
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