Business cycle recoveries have slowed in recent decades. This slowdown comes entirely from female employment: as women …'s employment rates converged towards men's over the past half-century, the growth rate of female employment slowed. We ask whether … this slowdown in female employment caused the slowdown in overall employment during recent business cycle recoveries …

pressures on employment from participation are two-thirds that of unemployment. Moreover, the participation cycle delays the … recovery in employment because it lags the unemployment cycle. It also amplifies the unevenness of the impact of recessions ….e., the participation cycle, which are important for the implementation of the maximum employment mandate. We show that these …

Demographic differences in patterns of employment variation over the business cycle are examined in this paper. Three … primary conclusions emerge. First, both participation and unemployment must be considered in any analysis of cyclical changes … in the labor market. Second, young people bear a disproportionate share of cyclical employment variation. Third, failure …

We rely on a decomposition of employment changes into job creation and job destruction components - and a novel set of … inferences: 1) The data favor a many- shock characterization of fluctuations in employment and job reallocation, 2) Theories of … employment fluctuations that attribute a predominant role to aggregate shocks must in order to fit the data involve …

This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over … reallocation and worker reallocation, to evaluate theories of heterogeneity in plant-level employment dynamics, and to establish …

puzzle of increasing real wages during a period of high unemployment … in which both employment and hours of work fluctuated sharply. With aggregate demand treated as exogenous, it is shown …

This paper investigates cyclicality in real wages between 1969 and 1982, using 14 years of data from the Panel Survey … in real wages even within sectors over this time period, and is the result of both cyclicality in overall wage levels …

We revisit the hypothesis that cyclical fluctuations in unemployment are caused by shocks to the discount rate. We use … in the EU rate. The response of the unemployment rate is minuscule. These findings are at odds with the actual behavior … large unemployment fluctuations. We show that aggregate productivity shocks generate the correct comovement between the UE …

record rise in long-term unemployment may yield a persistent residue of long-term unemployed workers with weak search … effectiveness. Second, conventional estimates suggest that the extension of Emergency Unemployment Compensation may have led to a … modest increase in unemployment. Despite these forces, we conclude that the problems facing the U.S. labor market are …