employment recoveries relative to output since 1990, using a DSGE model. Empirically, I document the underexplored pro … quasi-fixed employment costs at recoveries; (2) tight financial conditions have also persisted longer into recent recoveries …. The model generates 3-to-7-quarter delays in employment recoveries for the post-1990 period but no delay for before …

Is healthcare employment recession proof? We examine the hypothesis that healthcare employment is stable across the … employment responds to recessions, and show that this response depends largely on the type of the exogenous shock triggering the … recession. We find that healthcare employment responds procyclically to demand-induced recessions; and the reduction is driven …