The Relationship Between Employment Status and Binge Drinking During the Great Recession

2012 ◽  
Author(s):  
Alexander P. Ojeda ◽  
Ryan Goble
Keyword(s):  
Binge Drinking ◽  
Great Recession ◽  
Employment Status ◽  
The Great Recession ◽  
The Relationship

scholarly journals Vehicle Currency Pricing and Exchange Rate Pass-Through

2021 ◽  
Author(s):  
Natalie Chen ◽  
Wanyu Chung ◽  
Dennis Novy
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Great Recession ◽  
Firm Level ◽  
Bilateral Exchange ◽  
The Great Recession ◽  
Pass Through ◽  
Exchange Rate Changes ◽  
Exchange Rate Pass Through ◽  
The Relationship

Abstract Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of the transactions in our sample invoiced in neither sterling nor the exporter’s currency. We then study the relationship between invoicing currencies and the response of import unit values to exchange rate changes. We find that for transactions invoiced in a vehicle currency, import unit values are much more sensitive to changes in the vehicle currency than in the bilateral exchange rate. Pass-through therefore substantially increases once we account for vehicle currencies. This result helps to explain why UK inflation turned out higher than expected when sterling depreciated during the Great Recession and after the Brexit referendum. Finally, within a conceptual framework we show why bilateral exchange rates are not suitable for capturing exchange rate pass-through under vehicle currency pricing. Overall, our results help to clarify why the literature often finds a disconnect between exchange rates and prices when vehicle currencies are not accounted for.

Disparate Recoveries: Wealth, Race, and the Working Class after the Great Recession

2021 ◽  
Vol 695 (1) ◽  
pp. 173-192
Author(s):  
Fenaba R. Addo ◽  
William A. Darity
Keyword(s):  
Middle Class ◽  
Working Class ◽  
Great Recession ◽  
Wealth Inequality ◽  
Net Worth ◽  
The Great Recession ◽  
Consumer Finances ◽  
White Working Class ◽  
Using Data ◽  
The Relationship

What does it mean to be working class in a society of extreme racial wealth inequality? Using data from the Survey of Consumer Finances, we investigate the wealth holdings of Black, Latinx, and white working-class households during the post–Great Recession (pre–COVID-19) period that spanned 2010 to 2019. We then explore the relationship between working-class and middle-class attainment using a wealth-based metric. We find that, in terms of their net worth, fewer Black working-class households benefitted from the economic recovery than white working-class households. Among white households, the working class saw the greatest increase in wealth in both absolute and relative terms. Working-class households were less likely to be middle class as defined by their wealth holdings, and Black and Latinx households were also less likely to be middle class. For Black households, racial identity is a stronger predictor of wealth attainment than occupational sector.

Booms, Busts, and Changing Labor Markets

2017 ◽  
Author(s):  
James E. Coverdill ◽  
William Finlay
Keyword(s):  
Labor Markets ◽  
Great Recession ◽  
Risk Averse ◽  
The Great Recession ◽  
The Relationship

This chapter explores three issues. First, it shows why the Great Recession affected headhunting so severely: both the hiring rate and the quitting rate declined sharply. Second, it shows how this recession changed the relationship between headhunters and their clients, as the latter became increasingly difficult to please when presented with candidates, because they wanted “perfect” candidates only due to there being a supposed “buyer’s market.” Third, it explains why the recession made employees so reluctant to become candidates and why employee wounds became less effective in turning them into job-changers; candidates, especially those with secure jobs, were now far more risk averse. The Great Recession, notwithstanding the claims that it had created a buyer's market for employers, was not a bonanza for them or for headhunters.

Conclusion

2018 ◽  
Author(s):  
Daniel Edmiston
Keyword(s):  
Public Service ◽  
Great Recession ◽  
Relative Deprivation ◽  
Welfare Policy ◽  
Political Agency ◽  
Social Citizenship ◽  
The Great Recession ◽  
The Everyday ◽  
The Uk ◽  
The Relationship

This book has examined the relationship between inequality and social citizenship through the everyday accounts of notionally equal citizens in austerity Britain. In doing so, it has sought to establish how citizens perceive and negotiate the material and status hierarchies that condition their lives. In particular, whether and how individuals experiencing relative deprivation and affluence develop distinctive modes of reference, attachment and engagement when it comes to welfare and social citizenship. Since the Great Recession, public service reforms and fiscal recalibration have resulted in an increasingly individualistic and commodified welfare settlement in the UK. These developments have given rise to fault lines in the subjectivity and political agency of social citizens that need to be understood within and as contributing towards systemic processes of inclusion and exclusion. Through a schematic summary of the key themes and lessons that have emerged from this book, this concluding chapter considers what this reveals about the rise of anti-social citizenship and its implications for welfare policy and politics going forward.

The Relationship Between Credit Card Use Behavior and Household Well-Being During the Great Recession: Implications for the Ethics of Credit Use

2017 ◽  
Vol 28 (2) ◽  
pp. 213-224 ◽  
Author(s):  
Jennifer L. Hunter ◽  
Claudia J. Heath
Keyword(s):  
Great Recession ◽  
Credit Card ◽  
Multinomial Logistic Regression ◽  
Economic Recession ◽  
Well Being ◽  
The Great Recession ◽  
Financial Condition ◽  
Use Behavior ◽  
The Relationship ◽  
Credit Card Use

This article uses a random digit dial probability sample (N = 328) to examine the relationship between credit card use behaviors and household well-being during a period of severe economic recession: The Great Recession. The ability to measure the role of credit card use during a period of recession provides unique insights to the study of credit behavior because of the knowledge that all respondents have the same macroeconomic constraint. Framed by the assumptions of the permanent income hypothesis and the life-cycle savings hypothesis, multinomial logistic regression was used to estimate the relationship between credit card use behaviors and three measures of household well-being: emotional well-being, financial well-being, and general household financial condition.

Stock Market Volatility and Changes in Financial Risk Tolerance During the Great Recession

2017 ◽  
Vol 28 (1) ◽  
pp. 140-154 ◽  
Author(s):  
Abed G. Rabbani ◽  
John E. Grable ◽  
Wookjae Heo ◽  
Liana Nobre ◽  
Stephen Kuzniak
Keyword(s):  
Great Recession ◽  
Financial Risk ◽  
Risk Tolerance ◽  
Market Volatility ◽  
Stock Market Volatility ◽  
The Great Recession ◽  
Standard And Poor's ◽  
Changes In Risk ◽  
Financial Risk Tolerance ◽  
The Relationship

This study investigated the degree to which the financial risk tolerance of individuals was influenced by volatility in the U.S. equities market during the period of the Great Recession. Based on data from a valid and reliable risk tolerance scale and return information for the Standard and Poor’s (S&P) 500 index, there does appear to be some associations between daily market volatility and changes in risk tolerance scores. Changes in risk tolerance scores were also calculated using short- and intermediate-term volatility measures. The relationships do vary, however, with evidence supporting the relationship only 64% of the time. Overall, changes in financial risk tolerance scores were found to be modest. Although not following hypothesized directions at all times, risk tolerance was not influenced by the length of volatility measurements.

scholarly journals Jitters on the Eve of the Great Recession: Is the Belief in Divine Control a Protective Resource?

2021 ◽  
Author(s):  
Laura Upenieks ◽  
Scott Schieman ◽  
Alex Bierman
Keyword(s):  
Mental Health ◽  
Work Stress ◽  
Great Recession ◽  
Job Insecurity ◽  
Financial Strain ◽  
2008 Financial Crisis ◽  
The Great Recession ◽  
The Relationship ◽  
Stress And Health ◽  
The U.S

Abstract One factor that has received surprisingly little attention in understanding the mental health consequences of the 2007–2008 financial crisis is religion. In this study, we ask: what is the relationship between two economic stressors—job insecurity and financial strain—and depression? And how do changes in religious belief, indexed by the sense of divine control, moderate those relationships? We use two waves of the U.S. Work, Stress, and Health (US-WSH) project (2005–2007), which occurred on the eve of the Great Recession. Results suggest that increases in job insecurity and financial strain are associated with increased levels of depression. However, those associations are (1) buffered among individuals who simultaneously increased in the sense of divine control and (2) exacerbated among individuals who decreased in the sense of divine control. Moreover, the buffering and exacerbating effects of divine control are significantly stronger among workers with lower levels of education.

Modeling Fiscal Stress and Contracting Out in Local Government: The Influence of Time, Financial Condition, and the Great Recession

2017 ◽  
Vol 48 (6) ◽  
pp. 565-583 ◽  
Author(s):  
Antonio M. López-Hernández ◽  
José L. Zafra-Gómez ◽  
Ana M. Plata-Díaz ◽  
Emilio J. de la Higuera-Molina
Keyword(s):  
Great Recession ◽  
Local Governments ◽  
Fiscal Stress ◽  
Contracting Out ◽  
The Great Recession ◽  
Financial Condition ◽  
Precise Understanding ◽  
The Impact ◽  
The Relationship

Various studies have analyzed the relationship between fiscal stress and contracting out, but have failed to achieve conclusive results. In this article, we take a broad view of fiscal stress, addressed in terms of financial condition and studied over a lengthy period (2000-2010). The relationship between fiscal stress and contracting out is studied using a dynamic model, based on survival analysis, a methodology that enables us to take into account the effect of time on this relationship. As this study period includes the years of the Great Recession (2008-2010), we also highlight the impact of this event on the fiscal stress–contracting out relation. The results obtained suggest that taking into account the passage of time and conducting a long-term assessment of financial condition enable a more precise understanding of this relation. We also find that the Great Recession reduced the probability of local governments’ contracting out public services.

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