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

@article{Cho2011HowDT,
  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)},
  year={2011}
}
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… 
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