Description
It is well accepted that recessionary shocks affect long-term patterns of economic growth within regions. For this reason, it is important to understand how regional economies recover and in which extent a shock could be an economic burden in long term. A relevant variable to measure shock’s impact is employment, for two reasons. First, past recessions suggested that in most cases, the decline in employment tended to be deeper than in output. Second, layoffs of workers are key forms of adjustment to which employees seek to reduce costs. Given these, our research aims to understand shifts in employees during, after and before the Great Recession in 2008 within Indiana. This will help to understand which are the key factors that drive the economic pattern in Indiana.
Start Date
11-2018
Document Type
Presentation
Keywords
Recession, diversity, resilience, economic shock, economic pattern
Session List
Lightning Talk
Included in
Economic resilience and diversity in Indiana from 2002 to 2016
It is well accepted that recessionary shocks affect long-term patterns of economic growth within regions. For this reason, it is important to understand how regional economies recover and in which extent a shock could be an economic burden in long term. A relevant variable to measure shock’s impact is employment, for two reasons. First, past recessions suggested that in most cases, the decline in employment tended to be deeper than in output. Second, layoffs of workers are key forms of adjustment to which employees seek to reduce costs. Given these, our research aims to understand shifts in employees during, after and before the Great Recession in 2008 within Indiana. This will help to understand which are the key factors that drive the economic pattern in Indiana.