The Human Cost of Recessions: Assessing It, Reducing It

Recessions leave scars on the labor market. Over 200 million people across the globe are estimated to be unemployed at present resulting from the Great Recession of 2007-09. We assess the human cost of increased unemployment by surveying what is known about the effects of past recessions. If past is...

Full description

Saved in:
Bibliographic Details
Main Author: Dao, Mai (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2010
Series:IMF Staff Position Notes Staff Position Note No. 2010/17
Online Access:UBW01
UEI01
LCO01
SBR01
UER01
SBG01
UBG01
FAN01
UBT01
FKE01
UBY01
UBA01
FLA01
UBM01
UPA01
UBR01
FHA01
FNU01
BSB01
TUM01
Volltext
Summary:Recessions leave scars on the labor market. Over 200 million people across the globe are estimated to be unemployed at present resulting from the Great Recession of 2007-09. We assess the human cost of increased unemployment by surveying what is known about the effects of past recessions. If past is prologue, the cost to the unemployed (and society) could be high. The focus of this paper is on advanced economies. To their credit, most countries mounted strong policy responses to minimize the human costs, and the policy actions were notable also for their consistency and coherence across countries
Physical Description:1 Online-Ressource (27 p)
ISBN:1462308163
9781462308163

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text