Gregory, Victoria; Menzio, Guido; Wiczer, David G. - National Bureau of Economic Research - 2021
unemployment during the Great Recession. Our view is that several puzzling micro and macro phenomena about the labor market are …Based on patterns of employment transitions, we identify three different types of workers in the US labor market: α's β … for γ-workers. During the Great Recession, excess unemployment for α-workers rose by little and was reabsorbed quickly …