Adolescent adaptation before, during and in the aftermath of the Great Recession in the USA

In the period following the Great Recession of 2007–2009 the financialization of the US economy reached a watershed characterized by stagnant financial profits, falling proportions of financial sector and mortgage debt, and rising proportion of public debt. The main macroeconomic indicators of financialization in the USA show structural breaks that can be dated around the period of the Great Recession. The reliance of households on the formal financial system appears to have weakened for the first time since the early 1980s. The financial sector has lacked the dynamism of the previous three decades, becoming more reliant on government. The state has increased its own indebtedness and supported large financial institutions via unconventional monetary policy measures. At the same time, state intervention has tightened the regulatory framework for big banks. The future path of financialization in the USA will depend heavily on government policy with regard to state debt and financial regulation, although the scope for boosting financialization is narrow.

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Race, Unemployment, and Mental Health in the USA: What Can We Infer About the Psychological Cost of the Great Recession Across Racial Groups?

Journal of Economics Race and Policy ◽

10.1007/s41996-018-0012-x ◽

2018 ◽

Vol 1 (2-3) ◽

pp. 75-91 ◽

Cited By ~ 1

Author(s):

Timothy M. Diette ◽

Arthur H. Goldsmith ◽

Darrick Hamilton ◽

William Darity

Keyword(s):

Mental Health ◽

Great Recession ◽

Racial Groups ◽

The Great Recession ◽

The Usa

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The scarcity of worker cooperatives in the USA: enquiring into possible causes

CIRIEC-España revista de economía pública social y cooperativa ◽

10.7203/ciriec-e.92.10629 ◽

2018 ◽

pp. 39

Author(s):

Sofia Arana Landin

Keyword(s):

New York ◽

New York City ◽

Great Recession ◽

York City ◽

Local Level ◽

Federal Level ◽

The Great Recession ◽

The Usa ◽

Worker Cooperatives ◽

State And Local

Even though the access of workers to capital has been promoted in some countries for over centuries, Governments and public bodies have started to promote it worldwide, as in previous occasions, more particularly as an aftermath of the Great Recession, usually in the form of worker cooperatives.However, workers’ access to capital in the USA in the form of worker cooperatives is still surprisingly rare. We cannot find any recent public policies at a federal level in order to promote them and the old ones that exist remain mostly obsolete and unknown. Only at a state and local level, we find in the latest years a series of actions directed to achieve this goal, as in the case of New York City, where there is an important budget to promote the access of workers to capital more particularly after 2012 and, among others, worker cooperatives are being formed.The purpose of this paper is to enquire about the possible causes of the scarce number of worker cooperatives in the USA as the only way of offering solutions comes from understanding the causes.

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USA Child Poverty: The Impact of the Great Recession

10.1093/oso/9780198797968.003.0013 ◽

2017 ◽

Cited By ~ 1

Author(s):

Christopher Wimer ◽

Timothy M. Smeeding

Keyword(s):

Great Recession ◽

Child Poverty ◽

Safety Net ◽

Economic Downturn ◽

Median Income ◽

Relative Poverty ◽

Poverty Measure ◽

The Great Recession ◽

The Usa ◽

The Impact

The Great Recession (GR) was the most dramatic economic downturn the USA has experienced in more than six decades. But against this backdrop, the USA actually made some limited progress against child poverty over the Great Recession when one considers the new US Supplemental Poverty Measure which lies at about 40 per cent of median income. The main reason was the growth of a well-targeted near cash safety net, combined with earnings enhancements in the form of refundable tax credits. These enhancements helped the working poor, but not many parents of children who could not find jobs. However these improvements had little if any effect on relative poverty counted at a European or cross-national relative poverty standard set at 60 per cent of median income. Greater progress against child poverty in the US requires a continued strong job market coupled with a child allowance.

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Clear and simple: no association between the Great Recession and period life expectancy at birth in the USA

International Journal of Epidemiology ◽

10.1093/ije/dyw205 ◽

2016 ◽

Vol 45 (5) ◽

pp. 1681-1683 ◽

Cited By ~ 3

Author(s):

Ralph Catalano ◽

Tim Bruckner

Keyword(s):

Life Expectancy ◽

Great Recession ◽

The Great Recession ◽

Life Expectancy At Birth ◽

The Usa

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Did the Great Recession increase suicides in the USA? Evidence from an Interrupted Time Series analysis

10.31219/osf.io/8bfxg ◽

2019 ◽

Author(s):

Sam Harper

Keyword(s):

Great Recession ◽

Interrupted Time Series ◽

The United States ◽

Interrupted Time Series Analysis ◽

Men And Women ◽

The Great Recession ◽

Suicide Rates ◽

The Usa ◽

And Gender ◽

The Impact

PurposeResearch suggests that the Great Recession of 2007–2009 led to nearly 5000 excess suicides in the United States. However, prior work has not accounted for seasonal patterning and unique suicide trends by age and gender.MethodsWe calculated monthly suicide rates from 1999 to 2013 for men and women aged 15 and above. Suicide rates before the Great Recession were used to predict the rate during and after the Great Recession. Death rates for each age-gender group were modeled using Poisson regression with robust variance, accounting for seasonal and nonlinear suicide trajectories.ResultsThere were 56,658 suicide deaths during the Great Recession. Age- and gender-specific suicide trends before the recession demonstrated clear seasonal and nonlinear trajectories. Our models predicted 57,140 expected suicide deaths, leading to 482 fewer observed than expected suicides (95% confidence interval −2079, 943).ConclusionsWe found little evidence to suggest that the Great Recession interrupted existing trajectories of suicide rates. Suicide rates were already increasing before the Great Recession for middle-aged men and women. Future studies estimating the impact of recessions on suicide should account for the diverse and unique suicide trajectories of different social groups.

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Restructuring opportunity: employment change and job quality in the United States during the Great Recession

Socio-Economic Review ◽

10.1093/ser/mwy002 ◽

2018 ◽

Vol 17 (3) ◽

pp. 545-572 ◽

Cited By ~ 3

Author(s):

M Anne Visser

Keyword(s):

Great Recession ◽

The United States ◽

Job Quality ◽

Employment Change ◽

The Great Recession ◽

Time Period ◽

Innovative Methodology ◽

The Usa ◽

Job Polarization ◽

Nuanced Understanding

Abstract Research continues to stress the influence job polarization has had on employment and economic opportunity in the USA. However, much of this literature is based on studies focused on time periods of economic expansion, and the knowledge base lacks a nuanced understanding of structural employment change during economic downturns and the temporally and spatially distinctive dynamics of such shifts. Using an innovative methodology for measuring job quality, the study provides an empirical analysis of employment shifts that occurred during the Great Recession both quantitatively (how many jobs created or destroyed) as well as qualitatively (what types of jobs created or destroyed). A notable feature of the shifts observed in the employment structure during this time period is a deepening pattern of inequality in the labor market characterized by increased wage polarization for all workers and evidence of downgrading experienced by male workers across all three measures of job quality.

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Robots, skill demand and manufacturing in US regional labour markets

Cambridge Journal of Regions Economy and Society ◽

10.1093/cjres/rsz019 ◽

2019 ◽

Vol 13 (1) ◽

pp. 77-97 ◽

Cited By ~ 1

Author(s):

Nancey Green Leigh ◽

Benjamin Kraft ◽

Heonyeong Lee

Keyword(s):

Artificial Intelligence ◽

Great Recession ◽

International Federation ◽

Labour Markets ◽

The Other ◽

Manufacturing Employment ◽

The Great Recession ◽

The Usa ◽

Regional Labour Markets ◽

Job Postings

Abstract Advances in robotics and artificial intelligence (AI) technology have spurred a re-examination of technology’s impacts on jobs and the economy. This article reviews several key contributions to the current jobs/AI debate, discusses their limitations and offers a modified approach, analysing two quantitative models in tandem. One uses robot stock data from the International Federation of Robotics as the primary indicator of robot use, whereas the other uses online job postings requiring robot-related skills. Together, the models suggest that since the Great Recession ended, robots have contributed positively to manufacturing employment in the USA at the metropolitan level.

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