Replication data for: The Masking of the Decline in Manufacturing Employment by the Housing Bubble

Matthew J. Notowidigdo, Kerwin Kofi Charles & Erik Hurst
The employment-to-population ratio among prime-aged adults aged 25–54 has fallen substantially since 2000. The explanations proposed for the decline in the employment-to-population ratio have been of two broad types. One set of explanations emphasizes cyclical factors associated with the recession; the second set of explanations focuses on the role of longer-run structural factors. In this paper, we argue that while the decline in manufacturing and the consequent reduction in demand for less-educated workers put downward...
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