By all accounts, the Great Recession had a devastating impact on the U.S. labor market—both in the short and long term. Relatively high unemployment lingers, millions are either underemployed or have voluntarily dropped out of the labor market, and the economy is growing but not at the pace needed to return the nation to prerecession employment levels any time soon. The result is that millions of workers have experienced the persistent and painful economic and psychological consequences that result from experiencing long-term unemployment.
This book addresses these consequences in order to promote a better understanding of the effects of long-term unemployment and the policies that are needed to address it. Lauren D. Appelbaum gathers an international group of researchers who present work that focuses on the economic and psychological consequences resulting from lengthy detachment from the workforce and on policies that might ameliorate long-term unemployment.
A "Noteworthy Book in Industrial Relations and Labor Economics, 2012" – Industrial Relations Section, Princeton University