Reallocation and productivity during the Great Recession: evidence from French manufacturing firms

Evidence from the Great Recession

Uncertainty, Productivity and Unemployment in the Great Recession∗

The 2007-2009 recession has witnessed two phenomena that standard search models of the labor market have difficulty reconciling: a large and persistent increase in unemployment and a sharp rise, above pre-recession levels, in labor productivity following a small initial drop. In addition, these observations were accompanied by a significant increase in the dispersion of firm growth rates. In th...

Health and Health Behaviors during the Worst of Times: Evidence from the Great Recession

Health and Health Behaviors during the Worst of Times: Evidence from the Great Recession While previous studies have shown that recessions are associated with better health outcomes and behaviors, the focus of these studies has been on the relatively milder recessions of the late 20th century. In this paper, we examine if the previously established counter-cyclical pattern in health and heath b...

Health and health inequality during the great recession: Evidence from the PSID.

We estimate the impact of the Great Recession of 2007-2009 on health outcomes in the United States. We show that a one percentage point increase in the unemployment rate resulted in a 7.8-8.8% increase in reports of poor health. In addition, mental health was adversely impacted. These effects were concentrated among those with strong labor force attachments. Whites, the less educated, and women...

Immigrants Equilibrate Local Labor Markets: Evidence from the Great Recession.

This paper demonstrates that low-skilled Mexican-born immigrants' location choices in the U.S. respond strongly to changes in local labor demand, and that this geographic elasticity helps equalize spatial differences in labor market outcomes for low-skilled native workers, who are much less responsive. We leverage the substantial geographic variation in employment losses that occurred during Gr...