Biddle, Jeff; Hamermesh, Daniel S. - 2011
differentials between white non-Hispanic males and women, Hispanics and African-Americans. Women's and Hispanics' relative earnings … are harmed by negative shocks, while the earnings disadvantage of African-Americans may drop with negative shocks …. Negative shocks also appear to increase the earnings disadvantage of bad-looking workers. A theory of job search suggests two …