State budget shortfalls and budget balancing strategies during and after the great recession of 2008

2016 ◽  
Vol 28 (1) ◽  
pp. 26-47 ◽  
Author(s):  
Yu Shi
Keyword(s):  
New York ◽  
Great Recession ◽  
State Governments ◽  
Federal Aid ◽  
State Budget ◽  
The Great Recession ◽  
Budget Balancing ◽  
Using Data ◽  
Revenue Enhancement ◽  
Budget Shortfalls

This paper investigates how state governments used budget balancing strategies to cope with budget shortfalls in the fiscal years between 2009 and 2013. Using data from the Fiscal Survey reports and Comprehensive Annual Financial Statements (CAFRs) covering all fifty states, the paper summarizes and analyzes several types of strategies such as state savings, federal aid, revenue enhancement and expenditure cutting in response to budget shortfalls during and after the Great Recession of 2008. In addition, findings from the three case studies in New York, Texas and Washington show distinct patterns in these states’ choices of balancing strategies to cope with budget shortfalls. New York adopted a more balanced approach between revenue increasing and expenditure cutting strategies, whereas Washington and Texas implemented more severe expenditure cutting strategies to address budget shortfalls.

Recent Trends in the Material Well-Being of the Working Class in America

2021 ◽  
Vol 695 (1) ◽  
pp. 70-91
Author(s):  
James P. Ziliak
Keyword(s):  
Working Class ◽  
Food Insecurity ◽  
Great Recession ◽  
Insurance Coverage ◽  
Well Being ◽  
Absolute Poverty ◽  
Earnings Growth ◽  
The Great Recession ◽  
Recent Trends ◽  
Using Data

I examine trends in the material well-being of working-class households using data from the Current Population Survey in the two decades surrounding the Great Recession. In the years leading up to the Great Recession, average earnings, homeownership, and insurance coverage all fell, and absolute poverty and food insecurity accelerated. After-tax incomes were, for the most part, stagnant. The economic hemorrhaging either abated or reversed, however, in the decade after the Great Recession, especially for the least skilled and for households headed by a Hispanic person. This includes robust earnings growth, which led to declines in earnings inequality, absolute poverty, and food insecurity, coupled with increased insurance coverage and a modest rebound in after-tax incomes. As many of these recent advances likely stalled with the onset of the COVID-19 pandemic, I discuss various policy options.

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.

Integrating models of marital functioning to understand the mental health consequences of the Great Recession

2020 ◽  
Vol 37 (7) ◽  
pp. 2118-2135
Author(s):  
Esra Ascigil ◽  
Emre Selcuk ◽  
Gul Gunaydin ◽  
Anthony D. Ong
Keyword(s):  
Mental Health ◽  
Negative Affect ◽  
Great Recession ◽  
Health Impact ◽  
The United States ◽  
Marital Functioning ◽  
Family Stress Model ◽  
The Great Recession ◽  
Financial Events ◽  
Using Data

It is well established that negative financial events during macroeconomic crises have a significant impact on individuals’ mental health. Much less is known about how and for whom economic crises impact mental health. Using data from the Midlife in the United States study, we examine the mental health impact of the Great Recession in the U.S. Drawing on predictions from the Vulnerability-Stress-Adaptation Model of Marriage and the Family Stress Model, we examined whether increases in marital disagreements mediated the link between recession adversities (e.g., unemployment, increased debt, loss of a home) and mental health following the recession (2013–2014), controlling for prerecession marital disagreements and mental health (2004–2006). We found that those who experienced a greater number of recession adversities showed increased marital disagreements following the Great Recession, which were in turn associated with poorer mental health (negative affect and affective disorder). These associations held after controlling for prerecession levels of gender, age, race, and education. Furthermore, those who had lower income before the recession experienced greater increases in negative affect following the recession. These findings highlight the importance of marital processes in how the Great Recession is linked to mental health.

Populist Social Movements of the Great Recession*

2016 ◽  
Vol 21 (3) ◽  
pp. 301-321 ◽  
Author(s):  
Paris Aslanidis
Keyword(s):  
Social Movements ◽  
Social Movement ◽  
Collective Identity ◽  
Great Recession ◽  
Unified Framework ◽  
Wall Street ◽  
The Great Recession ◽  
The People ◽  
Using Data ◽  
Action Frame

Social movement scholars have thus far failed to give populism its deserved attention and to incorporate it into their field of study. Although sociologists, political scientists, and historians have explored diverse facets of the intersection of populism and social dissent, there has been no concerted effort towards building a comprehensive framework for the study of populist mobilization, despite its growing significance in the past decades. In this article I combine insights from populism studies, social movement scholarship, and social psychology to build a unified framework of analysis for populist social movements. I suggest populism is best understood as a collective action frame employed by movement entrepreneurs to construct a resonant collective identity of “the People” and to challenge elites. I argue that populism depends on the politicization of citizenship, and I apply this framework to the movements of the Great Recession to classify Occupy Wall Street and the European indignados as instances of a populist wave of mobilization, using data from archival material and a set of semistructured interviews with Greek activists.

scholarly journals Workers’ EU political alignments during the Great Recession

2017 ◽  
Vol 23 (4) ◽  
pp. 387-408 ◽  
Author(s):  
André Freire ◽  
Luís Cabrita ◽  
Mariana Carmo Duarte ◽  
Hugo Ferrinho Lopes
Keyword(s):  
Great Recession ◽  
The Other ◽  
Election Study ◽  
The Great Recession ◽  
Research Questions ◽  
Political Alignments ◽  
European Election ◽  
Using Data ◽  
The One ◽  
The Eu

Using data from the European Election Study 2014, this article focuses on workers’ EU political alignments during the Great Recession. It deals with two research questions. First, how does the attitude of (manual) workers towards the EU compare to that of the middle and upper classes in the aftermath of the Great Recession? Second, when it comes to workers’ support for the EU, are there systematic differences between countries affected by the crisis? The article finds that, on the one hand, in terms of patterns of workers’ EU political alignments, there are no systematic differences between countries affected to varying degrees by the Great Recession. On the other hand, workers still feel fundamentally detached from the EU, especially when it comes to the manual workers. However, high levels of generalised detachment from the EU are not clearly translated into preferences for Eurosceptic parties, since there are high levels of vote fragmentation.

scholarly journals The Great Recession and Public Education

2019 ◽  
Vol 14 (2) ◽  
pp. 298-326 ◽  
Author(s):  
William N. Evans ◽  
Robert M. Schwab ◽  
Kathryn L. Wagner
Keyword(s):  
Public Education ◽  
Great Recession ◽  
Property Tax ◽  
State Governments ◽  
School Employees ◽  
The Great Recession ◽  
The Impact ◽  
Public Education Finance ◽  
Work First ◽  
School Spending

We examine the impact of the Great Recession on public education finance and employment. Five major themes emerge from our work. First, nearly 300,000 school employees lost their jobs. Second, schools that were heavily dependent financially on state governments were particularly vulnerable to the recession. Third, local revenues from the property tax actually increased during the recession, primarily because millage rates rose in response to declining property values. Fourth, inequality in school spending rose sharply during the Great Recession. We argue, however, that we need to be very cautious about this result. School spending inequality has risen steadily since 2000; the trend in inequality we see in the 2008–13 period is very similar to the trend we see in the 2000–08 period. Fifth, the federal government's efforts to shield education from some of the worst effects of the recession achieved their major goal.

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

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.

Combustible Hopes on the National Stage

2017 ◽  
Author(s):  
Judith Hamera
Keyword(s):  
United States ◽  
New York ◽  
Great Recession ◽  
Work Ethic ◽  
The United States ◽  
Economic Recovery ◽  
The Great Recession ◽  
History Of ◽  
The City

This chapter argues for Detroit as an image and an actual place that spatializes and racializes the affective fallout of deindustrialization using three plays whose 2013 New York runs coincided with both the city’s impending bankruptcy and the United States’ anemic recovery from the Great Recession: Detroit by Lisa D’Amour, Detroit’67 by Dominique Morisseau, and Motown the Musical by Berry Gordy. Each play uses Detroit to explore the interpersonal consequences of opportunities and crises in racialized capitalism. Each offers audiences intimate visions of the Fordist bargain in its seeming heyday, particularly compelling in a period of lackluster economic recovery. In this chapter I introduce the formulations “re-siting” and “re-citing” to analyze the ways elements of Detroit’s incendiary history of interracial confrontations are redeployed to support images of a capitalist work ethic transcending or succumbing to racist violence, and to link the city to a seemingly race-neutral contemporary precarity.

The Great Recession, Inequality, and Health: An Integrative Approach

2018 ◽  
pp. 498-512
Author(s):  
Julie A. Kirsch ◽  
Carol D. Ryff
Keyword(s):  
United States ◽  
Great Recession ◽  
The United States ◽  
Integrative Approach ◽  
Economic Downturn ◽  
The Great Recession ◽  
Psychological Influences ◽  
Historically Situated ◽  
Using Data ◽  
Advance Knowledge

Biopsychosocial integration requires attentiveness to changing historical contexts. The Great Recession of 2007–2009 is regarded as the most severe economic downturn since the 1930s and has contributed to the growing American problem of inequality. To advance knowledge of the human consequences of the Great Recession and growing inequalities, integrative approaches are needed. This chapter summarizes conceptual frameworks that address the ways the Great Recession has exacerbated US problems of inequality and for whom. In light of these frameworks and using data from the Midlife in the United States (MIDUS) baseline and Refresher samples, a historically situated inquiry into whether life in America looks worse in the Great Recession aftermath is presented. Findings on inequality in recession hardships, health vulnerabilities, and psychological influences are reviewed. The chapter concludes with a discussion of additional domains of assessment about Great Recession impacts that can be pursued with MIDUS.

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