TY  - JOUR
AU  - Hoynes, Hilary W
AU  - Miller, Douglas L
AU  - Schaller, Jessamyn
TI  - Who Suffers During Recessions?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 17951
PY  - 2012
Y2  - March 2012
DO  - 10.3386/w17951
UR  - http://www.nber.org/papers/w17951
L1  - http://www.nber.org/papers/w17951.pdf
N1  - Author contact info:
Hilary W. Hoynes
Richard & Rhoda Goldman School of Public Policy
University of California, Berkeley
2607 Hearst Avenue
Berkeley, CA 94720-7320
Tel: (510) 642-1166
E-Mail: hoynes@berkeley.edu

Douglas L. Miller
Department of Policy Analysis and Management
MVR Hall
Cornell University
Ithaca, NY 14853
E-Mail: dlm336@cornell.edu

Jessamyn Schaller
Robert Day School of Economics and Finance
Claremont McKenna College
500 E Ninth St
Claremont, CA 91711
Tel: 530-574-4105
E-Mail: jschaller@cmc.edu
M2  - featured in NBER digest on 2012-06-25
AB  - In this paper we examine how business cycles affect labor market outcomes in the United States. We conduct a detailed analysis of how cycles affect outcomes differentially across persons of differing age, education, race, and gender, and we compare the cyclical sensitivity during the Great Recession to that in the early 1980s recession. We present raw tabulations and estimate a state panel data model that leverages variation across US states in the timing and severity of business cycles. We find that the impacts of the Great Recession are not uniform across demographic groups and have been felt most strongly for men, black and Hispanic workers, youth, and low education workers. These dramatic differences in the cyclicality across demographic groups are remarkably stable across three decades of time and throughout recessionary periods and expansionary periods. For the 2007 recession, these differences are largely explained by differences in exposure to cycles across industry-occupation employment.
ER  -