Family Welfare and the Great Recession
Copyright policy )Family Welfare and the Great Recession
The analysis in this paper provides estimates of family welfare losses generated by wage and nonlabor income declines experienced across the Great Recession and by labor market constraints existing postrecession. Welfare losses are greater as families (both married and single) move up the income distribution. Total static welfare losses are estimated to amount to roughly $190 billion, comparing family welfare between 2007 and 2011.
- Federal Reserve Bank of Atlanta United States
- Levy Economics Institute of Bard College United States
- Federal Reserve United States
- Bard College United States
- Georgia State University United States
ddc:330, J22, joint labor supply, D19, microsimulation, family welfare; joint labor supply; microsimulation; constrained hours, family welfare, I30, constrained hours, Family welfare, E32, jel: jel:E32, jel: jel:I30, jel: jel:D19, jel: jel:J22
ddc:330, J22, joint labor supply, D19, microsimulation, family welfare; joint labor supply; microsimulation; constrained hours, family welfare, I30, constrained hours, Family welfare, E32, jel: jel:E32, jel: jel:I30, jel: jel:D19, jel: jel:J22
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