Manufacturing Declines, Housing Booms, and Declining Employment
Employment to population ratios have collapsed in many industrialized countries during the recent global recession and they remain low even during the relatively modest recoveries.
- Why have employment rates remained so low?
- How long will the employment rates stay there?
- Can policy makers undertake activities to permanently return the employment rates to pre-recession levels?
Please join us as Professor Erik Hurst presents his latest research addressing these questions. He will explain reasons for the employment declines experienced during the last 12 years. He will discuss how the housing boom in the early 2000s masked structural effects and will assert that without the housing boom, employment rates would have started to fall well before the start of the recession. Finally, very recent research suggests that some countries may be entering a period where non-employment rates surpass those experienced in the mid 2000's.
Speaker Profiles
Erik Hurst (Speaker)
V. Duane Rath Professor of Economics and the John E. Jeuck Faculty Fellow
http://www.chicagobooth.edu/faculty/bio.aspx?person_id=12825092096
Questions
Miia Hallikainen
+44 (0)20 7070 2245