Sierminska, Eva; Takhtamanova, Yelena - 2010
, gender and race. We find that adjusting for the aging of the U.S. labor force increases the severity of this recession. Our …The recession the United States economy entered in December of 2007 is considered to be the most severe downturn the … - the highest we have seen since the 1982 recession. In this paper we examine the severity of this recession compared to …