Tag: unemployment
I recently spoke with a couple who wants to sell their home. Their realtor told them the market was a little soft but added that interest rates were likely to come down this year. The suggestion was that falling rates would boost home prices. That’s a common assumption, but it left me wondering whether it…
This paper compares how Black and White workers with stable jobs fare after an unemployment shock. Using administrative earnings data from the Continuous Work History Sample, the analysis compares the earnings trajectories of Black and White workers who are displaced during three recessions (1990-1991; 2000-2001; and 2008-2009)…
