2010 ThePolarizationofJobOpportuniti
- (Autor, 2010) ⇒ David Autor. (2010). “The Polarization of Job Opportunities in the US Labor Market: Implications for Employment and Earnings.” In: Center for American Progress and The Hamilton Project.
Subject Headings: Job Polarization.
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Introduction
Between December 2007, when the U.S. housing and financial crises became the subject of daily news headlines, and March of 2010, the latest period for which data are available, the number of employed workers in the United States fell by 8.2 million, to 129.8 million from 138.0 million. In the same interval, the civilian unemployment rate nearly doubled, to 9.7 percent from 5.0 percent, while the employment-to-population ratio dropped to 58.6 percent from 62.7 percent - the lowest level seen in more than 25 years. Job losses of this magnitude cause enormous harm to workers, families, and communities.1
A classic study by economists Lou Jacobson, Robert LaLonde, and Daniel Sullivan found that workers involuntary displaced by plant downsizings in Pennsylvania during the severe recession of the early 1980s suffered annual earnings losses averaging 25 percent, even six years following displacement.2 The nonpecuniary consequences of job losses due to the Great Recession may be just as severe. Studying the same group of workers with the benefit of 15 more years of data, labor economists Daniel Sullivan and co-author Till Von Wachter3 show that involuntarily job displacement approximately doubled the short-term mortality rates of those displaced and reduced their life expectancy on average by one to one and a half years. Thus, long after the U.S. unemployment rate recedes into single digits, the costs of the Great Recession will endure.
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| Author | volume | Date Value | title | type | journal | titleUrl | doi | note | year | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2010 ThePolarizationofJobOpportuniti | David H. Autor | The Polarization of Job Opportunities in the US Labor Market: Implications for Employment and Earnings | 2010 |