Labor Market Trends and Outcomes
What Has Changed since the Great Recession
Bibliographic Data
| ID | 5742136 |
|---|---|
| Authors | Erica L Groshen (0000-0003-3637-6627, American Institutes for Research), Harry J Holzer (0000-0002-2746-1240, American Institutes for Research, corresponding author) |
| Year | 2021 |
| Volume | 695 |
| Issue | 1 |
| Pages | 49-69 |
| Publication date | 2021-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Annals of the American Academy of Political and Social Science (JOURNAL) |
| Journal identifiers | ISSN: 0002-7162 • E-ISSN: 1552-3349 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/00027162211022326 |
| OpenAlex | W3169298106 |
| Language | EN |
| Citations received | 4 |
| References cited | 26 |
This article describes 40 years of trends in wages and labor force participation for the "working class"-workers with a high school education or less-compared to workers with a college degree or more. We compare cyclical peaks over the entire period 1979 to 2019, with particular focus on the Great Recession (2007-2010) and recovery (2010-2019). We also present results by gender and race. We find real wage growth for all workers in the recovery from the Great Recession, but not enough to change the long-term trends of growing inequality and stagnant wages for the less educated. We also find that labor force participation continued to decline for the less educated, even during the recovery. Gaps between whites and Blacks grew, while Hispanics and Asians made more progress than Blacks. We consider various explanations for these findings and show that the early effects of the 2020 to 2021 pandemic recession hurt less-educated workers and those of color more than anyone else
Demographic economics · Economics · Great recession · Inequality · Keynesian economics · Labour economics · Race (biology) · Recession · Sociology · Wage · Wage growth · Wage Inequality · COVID-19 Pandemic Impacts · Employment and Welfare Studies · Labor market dynamics and wage inequality
Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings
Are Price-Cost Markups Rising in the United States? A Discussion of the Evidence
Understanding the Present and Future of Work in the Fissured Workplace Context
Improving Employment and Earnings in Twenty-First Century Labor Markets
Declining employment among young black less-educated men
Employment Hysteresis from the Great Recession
In Search of the High Road
The Declining Labor Market Prospects of Less-Educated Men
| Unique citing works | 4 |
|---|---|
| Citations per year | 4 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |