Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession

2017 ◽  
Author(s):  
Shai Bernstein ◽  
Timothy McQuade ◽  
Richard Townsend
Keyword(s):  
Great Recession ◽  
Household Wealth ◽  
The Great Recession

The Distribution of Wealth in America (1983–2013)

2020 ◽  
pp. 219-242
Author(s):  
John C. Weicher
Keyword(s):  
Great Recession ◽  
Home Ownership ◽  
Household Wealth ◽  
Distribution Of Wealth ◽  
The Great Recession ◽  
Home Values

This chapter covers a period of rising wealth followed by abrupt decline. Between 1983 and 2007, real median household wealth rose by 70 percent, from $80,000 to $136,000 (in 2013 dollars). This increase disappeared completely, however, in the Great Recession; by 2010, median wealth had dropped by 40 percent, to $82,000, and it did not improve by 2013. The typical household of 2013 was no wealthier than the typical household of 1983. In addition, the distribution became markedly more unequal during the Great Recession; the richest 10 percent experienced a smaller reduction of 10 percent. For families in the middle, the most important asset was their home, but in 2013, fewer of them were homeowners and home values dropped for those who were. The declines in home ownership and home values accounted for most of the loss in wealth for middle-wealth families as a group.

scholarly journals The Great Recession, Decline, and Rebound in Household Wealth for the Near-Retirement Population

2014 ◽  
Vol 2 (2) ◽  
pp. 27-44 ◽  
Author(s):  
Alan L. Gustman ◽  
Thomas L. Steinmeier ◽  
Nahid Tabatabai
Keyword(s):  
Great Recession ◽  
Household Wealth ◽  
The Great Recession

Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession

2020 ◽  
Vol 76 (1) ◽  
pp. 57-111 ◽  
Author(s):  
SHAI BERNSTEIN ◽  
TIMOTHY MCQUADE ◽  
RICHARD R. TOWNSEND
Keyword(s):  
Great Recession ◽  
Household Wealth ◽  
The Great Recession

Household Wealth Trends in the US, 1983 to 2010

2017 ◽  
Author(s):  
Edward N. Wolff
Keyword(s):  
Middle Class ◽  
Great Recession ◽  
Household Wealth ◽  
Net Worth ◽  
Sharp Fall ◽  
The Great Recession ◽  
The Us ◽  
Racial And Ethnic Disparity ◽  
Middle Class Families ◽  
High Share

This chapter investigates wealth trends from 1983 to 2010. Median wealth plummeted between 2007 and 2010 by 44%. The inequality of net worth, after almost two decades of little movement, was up sharply between 2007 and 2010. Relative indebtedness continued to expand for the middle class. The sharp fall in median net worth and the rise in its inequality from 2007 to 2010 are traceable to the high leverage of middle-class families and the high share of homes in their portfolio. The racial and ethnic disparity in wealth holdings, after remaining more or less stable from 1983 to 2007, widened considerably between 2007 and 2010. Hispanics, in particular, got hammered by the Great Recession in terms of net worth and net equity in their homes. Households under age 45 were also pummeled by the Great Recession, as their relative and absolute wealth declined sharply from 2007 to 2010.

The Distribution and Evolution of Physical Neighborhood Problems during the Great Recession

2013 ◽  
Vol 12 (3) ◽  
pp. 260-279 ◽  
Author(s):  
Ryan Allen
Keyword(s):  
Great Recession ◽  
Minority Groups ◽  
Economic Recession ◽  
The United States ◽  
Household Wealth ◽  
Locational Attainment ◽  
Neighborhood Problems ◽  
The Great Recession ◽  
National Economic ◽  
Research Findings

While the Great Recession had clear effects on economic growth, unemployment, and household wealth and earnings in the United States, it also likely affected the quality of neighborhoods. Situated in the literature on locational attainment and economic shocks, this research considers how a national economic crisis affects physical neighborhood problems and existing disparities between minority and white households in experiencing these problems (e.g., street disrepair, trash, abandoned buildings, window bars). Results indicate that neighborhood problems increased between 2005 and 2009 and large and persistent disparities existed between some minority groups and white non–Hispanics in experiencing these problems, even after controlling for potentially confounding factors. However, there is little support for the idea that disparities between minorities and white non–Hispanics in experiencing neighborhood problems increased during this time. These research findings suggest that large and pervasive shocks, such as an economic recession, can influence locational attainment by changing neighborhood quality in absolute terms but may not affect the relative hierarchy of place.

Sign in / Sign up

Export Citation Format

Share Document