scholarly journals What Explains Changes in Retirement Plans during the Great Recession?

2011 ◽  
Vol 101 (3) ◽  
pp. 29-34 ◽  
Author(s):  
Gopi Shah Goda ◽  
John B Shoven ◽  
Sita Nataraj Slavov
Keyword(s):  
Labor Market ◽  
Great Recession ◽  
Older Workers ◽  
Housing Markets ◽  
Individual Heterogeneity ◽  
Subjective Probabilities ◽  
Retirement Plans ◽  
Labor Market Conditions ◽  
The Great Recession ◽  
Retirement Study

We examine changes in subjective probabilities regarding retirement between the 2006 and 2008 waves of the Health and Retirement Study. Using a first-difference approach to eliminate individual heterogeneity, we find that the steep drop in asset prices in 2008 increased the reported probability of working at age 62 during the Great Recession. Increasing unemployment at least partly attenuated this effect, but subjective probabilities of working did not respond to changes in housing markets. Older workers' probabilities of working were more sensitive to fluctuations in the stock market, but less responsive to changes in labor market conditions.

scholarly journals Disability Insurance and the Great Recession

2015 ◽  
Vol 105 (5) ◽  
pp. 177-182 ◽  
Author(s):  
Nicole Maestas ◽  
Kathleen J. Mullen ◽  
Alexander Strand
Keyword(s):  
Labor Market ◽  
Unemployment Rate ◽  
Great Recession ◽  
Disability Insurance ◽  
Income Support ◽  
Labor Market Conditions ◽  
The Great Recession ◽  
The Past ◽  
The Us ◽  
Social Security Disability

The US Social Security Disability Insurance (SSDI) program is designed to provide income support to workers who become unable to work because of a severe, long-lasting disability. In this study, we use administrative data to estimate the effect of labor market conditions, as measured by the unemployment rate, on the number of SSDI applications, the number and composition of initial allowances and denials, and the timing of applications relative to disability onset. We analyze the period of the Great Recession, and compare this period with business cycle effects over the past two decades, from 1992 through 2012.

scholarly journals Crash and Wait? The Impact of the Great Recession on the Retirement Plans of Older Americans

2011 ◽  
Vol 101 (3) ◽  
pp. 40-44 ◽  
Author(s):  
Brooke Helppie McFall
Keyword(s):  
Labor Market ◽  
Great Recession ◽  
Retirement Age ◽  
Retirement Plans ◽  
Market Returns ◽  
Older Americans ◽  
Stock Market Returns ◽  
The Great Recession ◽  
Retirement Timing ◽  
The Impact

This study uses data from pre- and post-crash surveys from the Cognitive Economics study to examine the impact of recent stock and labor market wealth losses on the planned retirement ages of older Americans. Regression estimates imply that the average wealth loss between July 2008 and May/June 2009 is associated with an increase in planned retirement age of approximately 2.5 months. Furthermore, pessimism about future stock market returns is found to amplify the impact of wealth losses on retirement timing.

scholarly journals Labor Market Tightness across the United States since the Great Recession

2018 ◽  
pp. 1-6
Author(s):  
Murat Tasci ◽  
Caitlin Treanor
Keyword(s):  
United States ◽  
Labor Market ◽  
Adverse Effects ◽  
Great Recession ◽  
National Level ◽  
The United States ◽  
Labor Market Conditions ◽  
Us States ◽  
The Great Recession ◽  
Before And After

Though labor market statistics are often reported and discussed at the national level, conditions can vary quite a bit across individual states. We explore differences in these labor market conditions across US states before and after the Great Recession using a ratio of the number of unemployed workers to job vacancies. We show that the intensity of the adverse effects of the recession and the strength of the recovery varied geographically at all points in the process. We also demonstrate that wage growth is delayed until the ratio of unemployed workers to job vacancies returns to prerecession levels.

scholarly journals Autonomes Fahren statt Stop and Go: Vorschläge zur effektiven Gestaltung der deutschen Kurzarbeit

2019 ◽  
Vol 68 (3) ◽  
pp. 252-260
Author(s):  
Almut Balleer ◽  
Britta Gehrke ◽  
Brigitte Hochmuth ◽  
Christian Merkl
Keyword(s):  
Labor Market ◽  
Business Cycle ◽  
Great Recession ◽  
Timely Manner ◽  
Rule Based ◽  
The Great Recession ◽  
Stop And Go ◽  
Time Work ◽  
The Business Cycle ◽  
Short Time

Abstract This article argues that short-time work stabilized employment in Germany substantially during the Great Recession in 2008/09. The labor market instrument acted in timely manner, as it was used in a rule-based fashion. In addition, discretionary extensions were effective due to their interaction with the business cycle. To ensure that short-time work will be effective in the future, this article proposes an automatic facilitation of the access to short-time work in severe recessions. This reduces the likelihood of a too extensive use at the wrong point in time as well as structural instead of cyclical interventions.

scholarly journals Vulnerability of Latin American Migrant Families Headed by Women in Spain During the Great Recession: A Couple-Level Analysis

2018 ◽  
Vol 40 (1) ◽  
pp. 111-138
Author(s):  
Xiana Bueno ◽  
Elena Vidal-Coso
Keyword(s):  
Labor Market ◽  
Latin American ◽  
Great Recession ◽  
Family Characteristics ◽  
The Great Recession ◽  
Job Segregation ◽  
Dual Earner ◽  
Migrant Families ◽  
Level Analysis ◽  
Emerging Pattern

One of the outcomes of the Great Recession has been the emerging pattern of households maintained exclusively by women. The analysis of intracouple characteristics is crucial in the context of job segregation by gender and by immigrant origin, such as in Spain. Using the panel version of the Spanish Labor Force Survey from 2008 to 2015, we analyze the transition of dual-earner couples to female-earner couples among Latin American and Spanish-born households. Our results suggest that migrant vulnerability is not only a consequence of a segregated labor market by gender and origin but is also the result of the partners’ relative occupational and family characteristics. We show that, unlike Spanish-born couples, the risk of Latin American families becoming female-headed is higher for those couples in which the female partner has the weakest position in the occupational scale and for those with children in the household.

scholarly journals Three essays on labor economics

2021 ◽  
Author(s):  
◽  
Tapas Paul
Keyword(s):  
Labor Market ◽  
Great Recession ◽  
Labor Market Participation ◽  
Program Participation ◽  
Journal Entry ◽  
Journal Publication ◽  
The Great Recession ◽  
Added Worker Effect ◽  
Nationally Representative ◽  
The Impact

This dissertation addresses labor market issues. The first two chapters deal with employment issues during the great recession using nationally representative data from the Survey of Income and Program Participation. The first chapter looks at the added worker effect in the great recession, the wife's labor market response to a husband loss of job. The second chapter investigates the impact of a wife's labor market participation on family poverty. The third chapter examines employment opportunities in the economics discipline using journal publication records from IDEAS/RePEc. It looks at the effect of new journal entry on the distribution of publicati

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