August 20, 2012

Ohanian on the Great Recession and the Labor Market

  • Russell Roberts

    Affiliated Senior Scholar
00:00
 
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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.