A study found that compositional shifts in demographics, occupation, industry, region, and reason for unemployment jointly explain very little of the sharp increase in long-term unemployment during the Great Recession.
Sources
- Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation | Lawrence Katz (lkatz.scholars.harvard.edu)
- https://www.nber.org/papers/w20273 (nber.org)
- https://www.nber.org/reporter/2019number3/long-term-unemployment-and-great-recession (nber.org)
- https://www.ipr.northwestern.edu/our-work/working-papers/2014/ipr-wp-14-25.html (ipr.northwestern.edu)
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