"Effects of a Credit Crunch on Employment by Sector in the U.S.: How ha" by Michael Boevers

Article Title

Effects of a Credit Crunch on Employment by Sector in the U.S.: How have Recessions Associated with Credit Crunches Differed from Other Recessions?

Authors

Michael Boevers, University of Northern Iowa

Document Type

Article

Abstract

Economists debate how important credit availability is to sustaining real economic growth. Episodes of financial instability and tight credit create a “credit crunch.” This paper investigates the effects of a credit crunch on employment in broad sectors of the U.S. economy. Monthly employment data is used to compare changes in employment by sector during recessions associated with a credit crunch and recessions not associated with a credit crunch. The results suggest that there is not a significant difference in how employment is affected in these broad sectors. The evidence supports the idea of a financial business cycle.

Publication Date

Spring 2009

Journal Title

Major Themes in Economics

Volume

Issue

First Page

Last Page

Copyright

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Language

File Format

application/pdf

Recommended Citation

Boevers, Michael (2009) "Effects of a Credit Crunch on Employment by Sector in the U.S.: How have Recessions Associated with Credit Crunches Differed from Other Recessions?," Major Themes in Economics, 11, 71-82.
Available at: https://scholarworks.uni.edu/mtie/vol11/iss1/7