The economic downturn of 2007-09 is one of the two largest cyclical downturns experienced in the United States in the post-WWII era — the other being the 1982-83 downturn. This period stands out not just for the magnitude of the downturn but also for the slow pace of the recovery.Using data...

This paper examines age- and gender-specific employment sensitivity to growth across different economic sectors. By applying a non-linear panel specification of Okun's first-difference equation on EU-28 countries for 1995-2019, we estimate age-, gender-, and sector-specific employment...

Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...