Has Structural Change Contributed to a Jobless Recovery?

8 Pages Posted: 11 Mar 2005

See all articles by Erica L. Groshen

Erica L. Groshen

Federal Reserve Bank of New York; IZA Institute of Labor Economics

Simon Potter

Peter G. Peterson Institute for International Economics

Abstract

The current recovery has seen steady growth in output but no corresponding rise in employment. A look at layoff trends and industry job gains and losses in 2001-03 suggests that structural change - the permanent relocation of workers from some industries to others - may help explain the stalled growth in jobs.

Keywords: jobless recovery, structural change, temporary layoffs, reallocation

JEL Classification: E3, E24, J6

Suggested Citation

Groshen, Erica L. and Potter, Simon, Has Structural Change Contributed to a Jobless Recovery?. Available at SSRN: https://ssrn.com/abstract=683258

Erica L. Groshen (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-7685 (Phone)

HOME PAGE: http://www.newyorkfed.org/research/economists/groshen/index.html

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Simon Potter

Peter G. Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
707
Abstract Views
3,295
rank
39,607
PlumX Metrics