scholarly journals Schooling During the Great Recession: Patterns of School Spending and Student Achievement Using Population Data

AERA Open ◽  
2019 ◽  
Vol 5 (3) ◽  
pp. 233285841987743 ◽  
Author(s):  
Kenneth Shores ◽  
Matthew P. Steinberg
Keyword(s):  
Student Achievement ◽  
Great Recession ◽  
English Language ◽  
Population Data ◽  
The United States ◽  
Economic Downturn ◽  
The Great Recession ◽  
The Great Depression ◽  
Education Data ◽  
Using Data

The Great Recession was the most severe economic downturn in the United States since the Great Depression. Using data from the Stanford Education Data Archive (SEDA), we describe the patterns of math and English language arts (ELA) achievement for students attending schools in communities differentially affected by recession-induced employment shocks. Employing a difference-in-differences strategy that leverages both cross-county variation in the economic shock of the recession and within-county, cross-cohort variation in school-age years of exposure to the recession, we find that declines in student math and ELA achievement were greater for cohorts of students attending school during the Great Recession in communities most adversely affected by recession-induced employment shocks, relative to cohorts of students that entered school after the recession had officially ended. Moreover, declines in student achievement were larger in school districts serving more economically disadvantaged and minority students. We conclude by discussing potential policy responses.

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.

scholarly journals The Great Recession’s Effect on Entrepreneurship

2011 ◽  
pp. 1-4
Author(s):  
Scott Shane
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
Great Depression ◽  
Unemployment Rate ◽  
Great Recession ◽  
The United States ◽  
Domestic Product ◽  
Economic Downturn ◽  
The Great Recession ◽  
The Great Depression

Between December 2007 and June 2009, the United States suffered its biggest economic downturn since the Great Depression. Dubbed the Great Recession, this economic contraction saw gross domestic product decline 4 percent and the unemployment rate more than double from 4.9 percent to 10.1 percent.

The Great Depression and the Great Recession in Interwar Greece and Today: A comparison

2015 ◽  
Vol 66 (2) ◽  
Author(s):  
Sophia Lazaretou
Keyword(s):  
Great Recession ◽  
Empirical Studies ◽  
Economic Downturn ◽  
The Great Recession ◽  
The Past ◽  
Greek Crisis ◽  
The Great Depression ◽  
Terra Incognita ◽  
Cross Country ◽  
Nominal Anchor

AbstractThe past Greek crisis experience is more or less terra incognita. In all historical empirical studies Greece is systematically neglected or included only sporadically in their cross-country samples. In the national literature too there is little on this topic. In this paper we use the 1930s crisis as a useful testing ground to compare the two crises episodes, ‘then’ and ‘now’; to detect differences and similarities and discuss the policy facts with the ultimate aim to draw some ‘policy lessons’ from history. To the best of our knowledge, this is the first attempt to study the Greek crisis experience across the two historical episodes. Comparisons with the interwar period show that the recent economic downturn was faster, larger and more severe than during the early 1930s. More importantly, analysing the determinants of the two crises, we conclude that Greece’s problems arose from its inability to credibly adhere to a nominal anchor.

Local Economic Conditions and Fertility from the Great Depression through the Great Recession

2020 ◽  
Vol 110 ◽  
pp. 236-240
Author(s):  
Jessamyn Schaller ◽  
Price Fishback ◽  
Kelli Marquardt
Keyword(s):  
Great Recession ◽  
Data Model ◽  
The United States ◽  
Dynamic Responses ◽  
Economic Conditions ◽  
Income Shocks ◽  
Entire Sample ◽  
The Great Recession ◽  
The Great Depression ◽  
Per Capita

This paper reexamines the association between local economic conditions and fertility using a new dataset of county-level birthrates and per capita income in the United States spanning the period 1937-2016. Using a panel data model, we estimate that growth in local income is positively associated with birthrates over our entire sample period and that the strength of that association peaked during the 1960-1990 period and has declined in recent decades. We additionally estimate dynamic responses to local income shocks, finding that birthrates remain elevated for up to four years after a shock.

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.

scholarly journals Hall of Mirrors: The Great Depression, the Great Recession, and the Uses—and Misuses—of History

2015 ◽  
Vol 89 (3) ◽  
pp. 557-569 ◽  
Author(s):  
Per H. Hansen
Keyword(s):  
United States ◽  
Great Depression ◽  
Great Recession ◽  
Financial Crises ◽  
The United States ◽  
Comparative Approach ◽  
The Great Recession ◽  
The Great Depression ◽  
Successful Search ◽  
Similarities And Differences

Barry Eichengreen's new bookHall of Mirrorsis a detailed, excellent, and somewhat pessimistic comparison of the two most serious financial crises ever—their causes, development, and consequences. Readers well versed in the comprehensive literature on the Great Depression and the Great Recession in the United States and Europe will not find much information inHall of Mirrorsthat is completely new, but most others will. Whatisnew is the comparative approach: the detailed and analytically successful search for similarities and differences between the Great Depression and the Great Recession.

scholarly journals What Caused the Great Recession?

2015 ◽  
Vol 66 (1) ◽  
pp. 1-12
Author(s):  
Stefan Homburg
Keyword(s):  
United States ◽  
Great Recession ◽  
The United States ◽  
The Great Recession ◽  
Using Data

Abstract This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United States and the eurozone. Of these five hypotheses, four are not supported by the data, while the fifth appears reasonable.

“I never saw such people”

2010 ◽  
Vol 3 (1) ◽  
pp. 1-21
Author(s):  
Jonathan Dyen
Keyword(s):  
Great Recession ◽  
The United States ◽  
Economic Conditions ◽  
Economic Downturn ◽  
The Novel ◽  
Grand Narrative ◽  
Literary Response ◽  
Grapes Of Wrath ◽  
The Great Recession ◽  
Current Economic Crisis

In this essay, I argue that John Steinbeck’s The Grapes of Wrath has taken on renewed significance in the midst of the current economic downturn known in the United States as “the Great Recession.” While in the 1930s Steinbeck’s novel offered a way of understanding and responding to the economic conditions of the Depression, today the novel foregrounds the degree to which postmodernism has foreclosed the utopian possibilities of the novel’s grand narrative. I contend that the novel’s methodology can provide a flawed but potent framework for an effective literary response to the current economic crisis.

scholarly journals Navigating the Turbulent Economic Waters of the 2007 Great Recession and the Crash of the Housing Market

10.28945/3947 ◽  
2018 ◽  
Vol 2 ◽  
pp. 001-019
Keyword(s):  
Housing Market ◽  
Great Depression ◽  
Great Recession ◽  
Economic Downturn ◽  
Home Equity ◽  
Economic Activities ◽  
The Great Recession ◽  
The Great Depression ◽  
Economic Production ◽  
The U.S

What triggered the crash of the U.S. housing market? This analysis looks at the economic and industry forces that led to an economic downturn that put as many as half of all U.S. residential builders out of business. Since the Great Depression, the U.S. housing market has significantly influenced economic production and employment levels. Direct and indirect investments in the housing industry, along with the induced economic activities such as real estate transactions and construction as well as other factors, accounted for an estimated 15-20% of GDP during boom years (CBPP, 2012). The burst of the $8 trillion housing bubble in 2007 and the subsequent collapse of the financial markets in 2008 created massive disarray in homebuilding (Bivens, 2011). As many as 50% of homebuilders closed their doors, either voluntarily or through bankruptcy filings (Quint, 2015). Concurrently, from 2006 through 2012, the Great Recession resulted in the loss of over $7 trillion of home equity (Gould Ellen, 2012). Over 24 percent of home mortgages went “underwater” with balances exceeding home values (Carter & Gottschalck, n.d.). For some homeowners, the unfortunate thought of losing their homes through foreclosure and incurring disruption to family life became a reality. The stress from threats of the loss of a home, unemployment, and depletion of savings exacted a great toll on many. Not since the Great Depression has the U.S. economy faced forces so devastating to the housing market and personal wealth.

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