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Underemployment in the early careers of college graduates following the Great Recession
Though labor market conditions steadily improved following the Great Recession, underemployment among recent college graduates continued to climb, reaching highs not seen since the early 1990s. In this paper, we take a closer look at the jobs held by underemployed college graduates in the early stages of their careers during the first few years after the Great Recession. Contrary to popular perception, we show that relatively few recent graduates were working in low-skilled service jobs, and that many of the underemployed worked in fairly well paid non-college jobs requiring some degree of ...
Collateral Damage: House Prices and Consumption During the Great Recession
Did a decline in house prices cause the Great Recession? And if so, how? Credit constraints may be the key to answering those questions
Construction’s Impact on Other Industries during the Great Recession
Industries that trade heavily with the construction industry were hit sooner and harder by the Great Recession than those that don’t.
How Recessions Impact Household Net Worth
Recouping net worth lost during three recessions proved uneven for those with the least wealth.
COVID-19 and the Great Recession: Market Hours and Home Production across American Households
Women and households with children have been hit harder in this recession than they were in the previous recession.
Did the Fiscal Stimulus Work?
Billions were spent to recover from the Great Recession. How can we know whether taxpayers got a decent bang for the buck? More than seven years after the enactment of the American Recovery and Reinvestment Act, economists, legislators, and the American people continue to debate the effectiveness of the measure. The largest U.S. fiscal stimulus since the 1930s, the Recovery Act pumped hundreds of billions of dollars of federal spending and tax cuts into the economy in an effort to stem the massive job losses and steep drop in economic output that characterized the Great Recession. The ...