Sectoral Change and Unemployment During the Great Recession, in Historical Perspective

28 Pages Posted: 3 Nov 2014

Date Written: November 2014

Abstract

I examine the effect of sectoral change on U.S. state unemployment during the Great Recession. Of the 4.1 percentage point increase in mean state unemployment between 2007 and 2009, increased structural change explains 0.6–1.18 percentage points, and increased estimated effects of structural change 0.8–2.7 percentage points. Despite the role of housing in the recession, neither construction nor any other one sector can account for the results. Although the pace and role of structural change had returned to normal levels after the Great Recession, their effects persisted, raising mean state unemployment by 0.9–2.3 percentage points in 2011.

Suggested Citation

Simon, Curtis J., Sectoral Change and Unemployment During the Great Recession, in Historical Perspective (November 2014). Journal of Regional Science, Vol. 54, Issue 5, pp. 828-855, 2014, Available at SSRN: https://ssrn.com/abstract=2518802 or http://dx.doi.org/10.1111/jors.12126

Curtis J. Simon (Contact Author)

Clemson University ( email )

Clemson, SC 29634
United States
8646563966 (Phone)
8646564192 (Fax)

HOME PAGE: http://people.clemson.edu/~cjsmn/

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
1
Abstract Views
298
PlumX Metrics