The great recession and trajectories of vulnerability to unemployment in the UK and Switzerland

TitleThe great recession and trajectories of vulnerability to unemployment in the UK and Switzerland
Publication TypeJournal Article
Year of Publication2019
AuthorsOrsholits, D, Studer, M, Ritschard, G
JournalLIVES Working paper
Volume79
Pagination1-31
Date Published09/2019
ISSN2296-1658
Keywordsemployment, labour market, recession, Switzerland, unemployment, United Kingdom, vulnerability
Abstract

The Great Recession had a profound impact on the labour market. Unemployment increased substantially and rapidly in almost all developed countries in the aftermath. While the unemployment rate began to decrease shortly after the crisis, this did not necessarily translate into a return to pre-recession levels. In fact, it took ten years for employment levels to recover to pre-2008 levels.

DOI10.12682/lives.2296-1658.2019.79