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Recoveries from recessions associated with banking crises : how does this one compare?
Recessions associated with banking crises tend to differ from other recessions in that the weakness of the financial sector, particularly the limited supply of credit, encumbers the subsequent recovery. The recovery from the 2007-09 recession, compared to past recoveries from recessions associated with banking crises, is within the historical range in terms of its level of GDP growth. In terms of unemployment, however, the recovery from the 2007-09 recession is markedly weaker than the historical norm.>
AUTHORS: Hatchondo, Juan Carlos; Price, David A.; Tompkins, Jonathan
Accounting for the non-employment of U.S. men, 1968-2010
We conduct an accounting exercise of the changes in aggregate employment, unemployment, and out of labor force (OLF) among 25?64-year-old men from 1968?2010. We decompose the observed changes in these labor market outcomes into changes in the sociodemographic composition of the population and changes in the labor market outcomes of different sociodemographic groups. Using the results of the decomposition, we predict that the OLF-to-population ratio for men will increase to 16 percent in 2015, up from 14.7 percent in 2010.
AUTHORS: Lubik, Thomas A.; Kudlyak, Marianna; Tompkins, Jonathan