The Great Mancession of 2008-2009

Thank you, Chairman McDermott, Ranking Member Linder, and other members of the Subcommittee for the opportunity to appear before you this morning at your hearing to review Responsible Fatherhood Programs. My name is Mark J. Perry, and I am a tenured, full professor of economics at the Flint campus of the University of Michigan and currently a visiting scholar at the American Enterprise Institute.

An issue related to Responsible Fatherhood Programs is the fact that men were disproportionately affected by the last recession, and those effects were so profoundly significant that the last few years have frequently been referred to by the news media as the "mancession." There has probably never been a previous recession in U.S. history where the negative effects of unemployment and job losses fell so disproportionately on one gender. As one of the first economists to start documenting the dramatic gender differences in unemployment rates and job losses during the last recession starting in about mid-2008, my testimony today will provide you with an overview of the historically unprecedented "mancession."

THE GREAT MANCESSION OF 2008-2009

1. Introduction

The last U.S. recession started in December 2007 and most likely ended sometime in the summer of 2009, according to a consensus of economists. More than any previous economic contraction in U.S. history, this last recession had a significantly disproportionate negative effect on men compared to women, to the point that the 2008-2009 period started being referred to as the "mancession" by the news media in late 2008. This document will provide an overview of the labor market conditions during the period known as the "mancession." . . .

The full text is available here as an Adobe Acrobat PDF.

Mark J. Perry is a visiting scholar at AEI.

 

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Mark J.
Perry
  • Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

    Follow Mark Perry on Twitter


  • Phone: 202-419-5207
    Email: mark.perry@aei.org

What's new on AEI

image Unleash the private sector
image The difference it will make
image How the R&D tax credit is like duct tape
image From Beijing to Jerusalem
AEI on Facebook
Events Calendar
  • 20
    MON
  • 21
    TUE
  • 22
    WED
  • 23
    THU
  • 24
    FRI
Tuesday, May 21, 2013 | 5:00 p.m. – 6:30 p.m.
Free beer: Liberating libations from ‘Bootleggers and Baptists’

Join us for a discussion of the history and future of federal and state alcohol regulation and competition, followed by a reception with beer, wine, and spirits.

Wednesday, May 22, 2013 | 5:00 p.m. – 6:30 p.m.
NCLB sanctions: Tests taken, lessons learned

Join education scholars and practitioners for a discussion about the latest NCLB research and its implications for future education policy.

Thursday, May 23, 2013 | 12:00 p.m. – 1:30 p.m.
Competing visions of the common good: Rethinking help for the poor

What shared commitments do we have as citizens and neighbors to care for one another? How can a proper ordering of America’s political economy enable the most people to have the best life? At this event, Rep. Frank Wolf (R-VA), a longtime champion of human rights causes, and AEI President Arthur Brooks will join Wallis in addressing these and other questions.

No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.