Tag: unemployment rates
Abstract The Great Recession had a large impact on unemployment rates and growth in wealthy industrial countries. When the recession began most rich countries were experiencing an increase in labor force participation rates after age 60. This paper examines whether the downturn slowed or reversed the trend toward higher old-age participation rates. We use straightforward…
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,…