August 20, 2012
Ohanian on the Great Recession and the Labor Market
Russell Roberts
Affiliated Senior Scholar
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To speak with a scholar or learn more on this topic, visit our contact page.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.