Tag: employment
The brief’s key findings are: State and local government employment dropped sharply during the Great Recession, unlike in previous recessions, and continues to decline even today. But this decline in public sector employment was less severe than that experienced by the private sector. Being a state/local worker reduced the probability of job loss by 2 percentage points,…
Abstract The paper uses micro-survey data from successive waves of the Panel Study on Income Dynamics to investigate the distribution of wealth and job losses during the 2007-09 recession for different segments of the population and the effect of the recession on the retirement decisions of older workers. Estimates of wealth losses are constructed for…
