ABSTRACT

US Employment Inequality in the Great Recession and the COVID-19 Pandemic   [open pdf - 0B]

From the Abstract: "This article compares inequality in US employment across social groups in the Great Recession and the COVID-19 [coronavirus disease 2019] pandemic. We develop an inequality measure that captures both how much employment declines during a recession and the persistence of those declines. The results show a significant shift of job loss from men in the Great Recession to women in the COVID-19 lockdown. White workers fare better than other racial/ethnic groups in both recessions. Black and Hispanic women are hit especially hard in the COVID-19 pandemic. With our job loss measure, less educated workers had modestly worse outcomes in the Great Recession. However, during COVID-19, less educated workers suffer much more severe employment consequences than more educated groups. We discuss long-term effects of employment inequality and how these findings are relevant to debates about policy responses."

Report Number:
Institute for New Economic Thinking Working Paper No. 154
Author:
Publisher:
Date:
2021-03-31
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Copyright:
Institute for New Economic Thinking
Retrieved From:
Institute for New Economic Thinking: https://www.ineteconomics.org/
Media Type:
application/pdf
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