Lee Ohanian on the Great Recession and the Labor Market -...

What this episode covers

Lee Ohanian of UCLA talks with EconTalk host Russ Roberts about the recession, the recovery, and the state of labor market. Ohanian describes the unusual aspects of this recession and recovery in the United States as shown by the labor market and the unusual performance of hours worked, productivity, and wages. He also discusses the behavior of business investment and speculates as to why this recession and the recovery has been so different in the United States. The conversation closes with a discussion of the role of the foreclosure process in encouraging unemployment.

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Frequently Asked Questions

How long is this episode of EconTalk?

This episode is 1 hour and 14 minutes long.

When was this EconTalk episode published?

This episode was published on August 20, 2012.

What is this episode about?

Lee Ohanian of UCLA talks with EconTalk host Russ Roberts about the recession, the recovery, and the state of labor market. Ohanian describes the unusual aspects of this recession and recovery in the United States as shown by the labor market and...

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