Date of Submission
Open Access Senior Thesis
Bachelor of Arts
2019 Gallagher Eamon
This thesis investigates the effect that variation in employment between industries has had on the depth of recession faced by Metropolitan Statistical Areas (MSAs) in the United States. This analysis is limited to the previous two national recessions. I use regression analysis to find that increases in variation in employment has a significant effect on the maximum increase in unemployment rate in MSAs after controlling for relevant MSA characteristics. In this framework I also find that increases in education could mitigate the negative effects of this variation. I include several other measures of depth of recession including the fall in economic conditions and length for real GDP to recover to its pre-recession levels. I find that the measure of variation is significant in explaining falls in the economic conditions, but not so in explaining the length it takes for each MSA to recover its real GDP.
Gallagher, Eamon, "All Recessions Are Not Equal: The Effect of Sectoral Shifts on Unemployment Using Regional Data" (2019). CMC Senior Theses. 2261.