Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are … Great Recession. Second, many of those losing jobs are not actively looking to find new ones. As a result, we estimate the …, participation in the labor force has declined by 7 percentage points, an unparalleled fall that dwarfs the three percentage point …