Sierminska, Eva; Takhtamanova, Yelena - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
country has experienced since the Great Depression. The unemployment rate reached as high as 10.1 percent in October 2009 … those in the past by examining worker flows into and out of unemployment taking into account changes in the demographic …, gender and race. We find that adjusting for the aging of the U.S. labor force increases the severity of this recession. Our …