myths and realities structural change in u s labor markets and the great recession
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Myths and Realities: Structural Change in U.S. Labor Markets and the Great Recession. Peter B. Doeringer Department of Economics, Boston University IILS Round Table on The Global Job Crisis: Emerging Perspectives International Labour Office, Geneva, 22 February 2013

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myths and realities structural change in u s labor markets and the great recession

Myths and Realities: Structural Change in U.S. Labor Markets and the Great Recession

Peter B. Doeringer

Department of Economics, Boston University

IILS Round Table on The Global Job Crisis: Emerging Perspectives

International Labour Office, Geneva, 22 February 2013

I am grateful to the Economic Policy Institute for making a number of graphics available from The State of Working America (12th Edition)

slide2

Symptoms of the Great Recession

Myth or Reality During the Great Recession

Public Policies and Priorities

myth or reality during the great recession
Myth or Reality During the Great Recession?
  • A university degree is no longer worth the investment
  • Women fared better than men in the recession
  • Good jobs have disappeared
  • Private welfare benefits are surviving; social safety nets have failed
the gender wage gap continues to narrow
The Gender Wage Gap Continues to Narrow
  • 1939 = 62%
  • 1959 = 45%
  • 1979 = 38%
  • 1999 = 24%
  • 2007 = 18%
  • 2011 = 16%
long duration jobs 1983 2008 years with current employer wage salary workers age 20
Long-Duration Jobs (1983, 2008)Years with Current Employer (wage & salary workers age 20+)

19832008

20+ years 9% 11%

10+ years 27% 28%

2 Years or Less 37% 34%

10+ Years, age 45-49

-- Men 58% 44%

-- Women 33% 37%

10+ Years, age 55-59

-- Men 66% 55%

-- Women 51% 50%

slide23

% Change in Employment Shares by Type of Job Duties, 1981-2011[Jaimovich and Siu, The Trend is the Cycle, NBER Working Paper 18334, May 2012]

share of recent college graduates with employer health pension coverage 1979 2010
Share of Recent College Graduates With Employer Health/Pension Coverage, 1979–2010
public policy
Public Policy?
  • Priorities: More jobs, less chronic unemployment, better jobs, less labor market polarization
  • Active Policies
    • Better job matching
    • Education and training
    • Regional economic development and labor mobility
    • Work-based transitions: School-to-work, Re-employment
  • Labor Market Regulation
    • Minimum wages and employment standards
    • Unions and collective bargaining policy
    • Anti-discrimination policies
    • Immigration policy
    • Public sector employment and HR reforms
  • Full Employment
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