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How did falling real estate prices in the late 2000s affect employment in the residential and ...

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How did falling real estate prices in the late 2000s affect employment in the residential and ...

How did falling real estate prices in the late 2000s affect employment in the residential and non-residential construction industries?

▸ Employment in the residential construction industry fell, but employment in the non-residential construction industry remained steady.

▸ Employment in the residential construction industry fell, but employment in the non-residential construction industry increased.

▸ Employment in both residential and non-residential construction industries fell.

▸ Employment in the residential construction industry remained steady, but employment in the non-residential construction industry fell.

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Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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