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

What's new on AEI

Defeating ISIS: AEI experts weigh-in before the president’s address on Wednesday
image Degrading, defeating, and destroying the Islamic State
image Wealth Building Home Loan: Building wealth through homeownership and retirement savings
image The $3 iPhone
AEI on Facebook
Events Calendar
  • 15
    MON
  • 16
    TUE
  • 17
    WED
  • 18
    THU
  • 19
    FRI
Tuesday, September 16, 2014 | 5:00 p.m. – 6:00 p.m.
The Constitution as political theory

Please join us for the third-annual Walter Berns Constitution Day Lecture as James Ceasar, Harry F. Byrd Professor of Politics at the University of Virginia, explores some of the Constitution’s most significant contributions to political theory, focusing on themes that have been largely unexamined in current scholarship.

Event Registration is Closed
Wednesday, September 17, 2014 | 8:10 a.m. – Thursday, September 18, 2014 | 1:30 p.m.
Third international conference on housing risk: New risk measures and their applications

We invite you to join us for this year’s international conference on housing risk — cosponsored by the Collateral Risk Network and AEI International Center on Housing Risk — which will focus on new mortgage and collateral risk measures and their applications.

Thursday, September 18, 2014 | 2:15 p.m. – 3:00 p.m.
Speaker of the House John Boehner on resetting America’s economic foundation

Please join us as Speaker John Boehner (R-OH) delivers his five-point policy vision to reset America’s economy.

Friday, September 19, 2014 | 9:15 a.m. – 11:00 a.m.
Reforming Medicare: What does the public think?

Please join us as a panel of distinguished experts explore the implications of the report and the consumer role in shaping the future of Medicare.

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