How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries

  title={How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries},
  author={Yoonyoung Cho and David Newhouse},
  journal={ERN: Business Fluctuations; Cycles (Topic)},
This paper examines how different types of workers in 17 middle-income countries were affected by labor market retrenchment during the great recession. Impacts on different types of workers varied by country and were only weakly related to the severity of the shock. Among active workers, youth experienced by far the largest adverse impacts on employment, unemployment, and wage employment, particularly relative to older adults. The percentage employment reductions, for example, were greatest for… 
The Economic Crisis of 2008 and the Added Worker Effect in Transition Countries
Following the financial crisis of 2008, transition countries experienced an increase in female labor force participation rates and a decrease in male labor force participation rates, in part because
Labor market policies under a youth bulge
This paper assesses labor market trends and outcomes in Pakistan over the past decade. It shows that despite a high rate of employment growth, labor market outcomes have been disappointing: most jobs
Great Recession and Income Inequality: a State-level Analysis
This paper analyzes the impact of the Great Recession on the income inequalities of racial and ethnic groups, namely whites, blacks, Hispanics, and Asians, in the USA. As the US economy fell into a
Gender and the quality of work: from boom to recession
This report considers the implications of the current recession for gender equality in the Irish labour market. It considers the relative evolution of labour market aggregates such as employment and
Gendered Costs of Austerity: The Effects of the Great Recession and Government Policies on Employment across the OECD
The global financial crisis prompted dramatic increases in unemployment and market instability in nearly every state. While the negative effects on national economies have been widespread,
Added worker effect during the Great Recession: evidence from Italy
Purpose The purpose of this paper is to check the existence of the added worker effect (AWE) in Italy during the Great Recession. Design/methodology/approach The authors
Employment and employment conditions in the current economic crisis in Croatia
The goal of this research is to analyze developments in employment and employment characteristics during the current crisis in Croatia. The main findings can be summarized as follows: (1) The primary
Gender and the Great Recession: Changes in labour supply in Spain
The focus of this paper is on the different effects of the Great Recession on the decision of women and men to participate or not in the labour market. The literature on the effects of economic
Gender, crisis and the welfare state: Female labor market outcomes across OECD countries
The 2008 global economic crisis has had profound social and economic consequences across states. In addition to cross-national social and economic disparities, the crisis generated increased domestic
Intrahousehold Allocation of Time and Consumption during Hard Times
The consequences of adverse aggregate shocks on households have been repeatedly documented, but far less has been said on the way they are passed over to individuals through the mediation of the


How Do Women Weather Economic Shocks? What We Know
Do women weather economic shocks differently than men? First-round impacts of economic crises on women's employment should be more prominent in this recent economic downturn than historically because
Labor Regulations, Unions, and Social Protection in Developing Countries: Market Distortions or Efficient Institutions?
This essay reviews what economists have learned about the impact of labor market institutions, defined broadly as government regulations and union activity on labor outcomes in developing countries.
Does Human Capital Protect Workers Against Exogenous Shocks? South Africa in the 2008-2009 Crisis
The financial and economic crisis of 2008and 2009 has taken its toll on the SouthAfrican economy. The economy contractedfor the first time since 1998, and enteredrecession during the fourth quarter
Who is Hit Hardest During a Financial Crisis? The Vulnerability of Young Men and Women to Unemployment in an Economic Downturn
  • S. Verick
  • Economics
    SSRN Electronic Journal
  • 2009
The current financial and economic crisis has resulted in the worst global recession since World War II. The subsequent destruction of jobs and increased duration of joblessness will ensure that
The Labor Market in the Great Recession
From the perspective of a wide range of labor market outcomes, the recession that began in 2007 represents the deepest downturn in the postwar era. Early on, the nature of labor market adjustment
Argentina: Macroeconomic Crisis and Household Vulnerability
Using urban household surveys, we constructed a panel dataset to study the effects of the Argentine macroeconomic crisis of 1999-2002 with the aim of (1) identifying the most vulnerable households,
Job loss and family adjustments in work and schooling during the Mexican peso crisis
We use individual data from a panel of families during the depth of the peso crisis in Mexico to investigate whether the transition of the male household head from employment into unemployment
The Value of the Ability to Deal with Disequilibria
Explores the relation of a person's education and experience to the ability to reallocate resources, especially under economic disequilibrium. Examples of economic disequilibria include unemployment
Wages, employment and economic shocks: Evidence from Indonesia
Abstract. After over a quarter century of sustained economic growth, Indonesia was struck by a large and unanticipated crisis at the end of the 20th Century. Real GDP declined by about 12% in 1998.