Aaronson, Stephanie R.; Daly, Mary C.; Wascher, William L. - 2019
-beta version of the aggregate fluctuations in the labor market. For example, when the unemployment rate of whites increases by 1 … percentage point, the unemployment rates of African Americans and Hispanics rise by well more than 1 percentage point, on average …. This behavior is observed across other labor-market indicators, and is roughly reversed when the unemployment rate declines …