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Question 9 1 pts Christopher Pissarides argues that It is common in recessions for the unemployment of older workers to rise faster than the unemployment of younger workers as the industries which have a higher concentration of older workers are more cyclical. In the Eurozone, the ones who have really borne the brunt of recession are the older skilled workers regardless of sex. Women were affected worse by the Great Recession than men were, with average increases of 2.7 and 1.2 respectively in the euro area. O In normal times youth unemployment (ages 15-24) is on average twice as high as overall unemployment. Question 10 1 pts Christopher Pissarides argues that The Great Recession destroyed the industrial base of most European countries except Germany. O Employment fell in the US as unemployment rose during the Great Recession but because of strict regulations in Western European labor markets. unemployment rose without a corresponding fall in employment. Unemployment rose across the OECD without a corresponding fall in employment due to new entries into the labor force as governments cut publicly funded higher education during the Great Recession. The rise in unemployment was matched closely by the fall in employment across the OECD.Question 11 1 pts Christopher Pissarides argues that The most common experience during recession is that in the beginning more workers join the pool. Those who are unemployed find it more difficult to exit to new job openings, but because the pool gets augmented by a number of workers with very short durations, the mean duration of unemployment falls. O All of these are part of his argument. The stock of measured unemployment can increase either because more workers become unemployed and join the pool (known as an increase in incidence) or because those who are unemployed remain in the pool longer (known as an increase in duration). O As the recession continues longer, the inflow of newly unemployed drops and the durations of unemployment spells lengthen because of limited job creation, so eventually during a long recession, the main part of the increase in unemployment is explained by higher duration of unemployment spells