Tag Archives: Great Recession

Rise in earnings inequality is the biggest difficulty in today’s US labor market

A new IZA World of Labor report looking at the US labor market (2000-2016) finds a remarkable drop in the labor force participation rate; the nearly full recovery of unemployment from the depths of the Great Recession; and the continuing growth in … Continue reading

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Automatic stabilizers: shock absorber or incentive killer?

The Great Recession has revived aggregate demand management policies. In particular, “automatic stabilizers” are praised since they are rule-based and thus operate swiftly and symmetrically across the cycle. The idea is to temper the economy when it overheats and provide … Continue reading

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How much unemployment insurance do we need?

The global crisis that erupted in 2008 has put millions of worker out of a job. The US, for instance, experienced an unprecedented increase in unemployment from around 4 percent to more than 10 percent during the Great Recession. Unemployment … Continue reading

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America’s children are the silent victims of the Great Recession

The Great Recession has disrupted the lives of families and their children in an unprecedented way. It has changed everyday life in some ways that can be measured by money, but in others that cannot, and at the extreme it … Continue reading

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More and more older workers want to increase working hours

Older workers are becoming increasingly important in the European labor market. Previous research on work preferences suggests that older workers would like to reduce working hours. A new IZA Discussion Paper by David Bell and Alasdair Rutherford finds that this … Continue reading

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How the Great Recession affected domestic violence

During each global recession of the past decades there have been recurrent suggestions in the media that domestic violence increases with unemployment. All these accounts are based on the same underlying logic that high unemployment could provide the “trigger point” … Continue reading

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Extended unemployment insurance did not affect U.S. unemployment rate

Unemployment insurance (UI) benefits typically are available for 26 weeks in the United States. In response to the Great Recession of 2007-2009, UI benefit availability was extended to the historically unprecedented level of 99 weeks. Some observers and analysts have … Continue reading

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