Job Loss in the Great Recession: Historical Perspective from the Displaced Workers Survey, 1984-2010 /
Farber, Henry S.
Job Loss in the Great Recession: Historical Perspective from the Displaced Workers Survey, 1984-2010 / Henry S. Farber. - Cambridge, Mass. National Bureau of Economic Research 2011. - 1 online resource: illustrations (black and white); - NBER working paper series no. w17040 . - Working Paper Series (National Bureau of Economic Research) no. w17040. .
May 2011.
The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from which the labor market is now only slowly recovering. The unemployment rate remains stubbornly high and durations of unemployment are unprecedentedly long. I use data from the Displaced Workers Survey (DWS) from 1984-2010 to investigate the incidence and consequences of job loss from 1981-2009. In particular, the January 2010 DWS, which captures job loss during the 2007-2009 period, provides a window through which to examine the experience of job losers in the Great Recession and to compare their experience to that of earlier job losers. These data show a record high rate of job loss, with almost one in six workers reporting having lost a job in the 2007-2009 period. The consequences of job loss are also very serious during this period with very low rates of reemployment, difficulty finding full-time employment, and substantial earnings losses.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Job Loss in the Great Recession: Historical Perspective from the Displaced Workers Survey, 1984-2010 / Henry S. Farber. - Cambridge, Mass. National Bureau of Economic Research 2011. - 1 online resource: illustrations (black and white); - NBER working paper series no. w17040 . - Working Paper Series (National Bureau of Economic Research) no. w17040. .
May 2011.
The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from which the labor market is now only slowly recovering. The unemployment rate remains stubbornly high and durations of unemployment are unprecedentedly long. I use data from the Displaced Workers Survey (DWS) from 1984-2010 to investigate the incidence and consequences of job loss from 1981-2009. In particular, the January 2010 DWS, which captures job loss during the 2007-2009 period, provides a window through which to examine the experience of job losers in the Great Recession and to compare their experience to that of earlier job losers. These data show a record high rate of job loss, with almost one in six workers reporting having lost a job in the 2007-2009 period. The consequences of job loss are also very serious during this period with very low rates of reemployment, difficulty finding full-time employment, and substantial earnings losses.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.