The Great Recession and Distribution of Income in California

The Great Recession and Distribution of Income in California PDF Author: Sarah Bohn
Publisher: Public Policy Instit. of CA
ISBN:
Category : Business & Economics
Languages : en
Pages : 24

Book Description

The Distribution of Income in California

The Distribution of Income in California PDF Author: Deborah Reed
Publisher: Public Policy Instit. of CA
ISBN: 0965318400
Category : Income
Languages : en
Pages : 162

Book Description

The Great Recession and the Distribution of Household Income

The Great Recession and the Distribution of Household Income PDF Author:
Publisher:
ISBN: 9780191750601
Category : Global Financial Crisis, 2008-2009
Languages : en
Pages : 277

Book Description
The so-called Great Recession that followed the global financial crisis at the end of 2007 was the largest economic downturn since the 1930s for most rich countries. To what extent were household incomes affected by this event, and how did the effects differ across countries? This book addresses these questions.

California's Rising Income Inequality

California's Rising Income Inequality PDF Author: Deborah Reed
Publisher: Public Policy Instit. of CA
ISBN:
Category : Business & Economics
Languages : en
Pages : 152

Book Description

Falling Behind The Impact of the Great Recession and the Budget Crisis on California's Women and Their Families - Executive Summary

Falling Behind The Impact of the Great Recession and the Budget Crisis on California's Women and Their Families - Executive Summary PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
Falling behind The Impact of the Great Recession and the Budget Crisis on California's Women and Their Families California's perfect storm of job loss, stagnant wages and massive budget cuts threatens the economic security of women and their families by undermining programs they depend on and by restricting access to education and training. [...] Against this backdrop, the Women's Foundation of California and the California Budget Project have released a new report documenting the impact of the economic downturn and the state budget crisis on low-income women and their families. [...] Between 1987 and 2009, the average inflation- adjusted income of the top 1.0 percent of California personal income tax payers increased by 50.2 percent, while the average income of tax payers in each of the bottom four-fifths of the distribution decreased, after adjusting for inflation. [...] In contrast, the poverty rate for men in the same age group rose by 1.0 percentage point, from 6.9 percent in 2006 to 7.9 percent in 2010. [...] Cuts to state childcare and preschool programs hindered the ability of low-income parents to keep their jobs or get back into the workforce in the aftermath of the recession.

The Rich and the Great Recession

The Rich and the Great Recession PDF Author: Mr.Bas B. Bakker
Publisher: International Monetary Fund
ISBN: 149830737X
Category : Business & Economics
Languages : en
Pages : 36

Book Description
Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the middle class: how its saving rate declined in the pre-crisis years, then surged following the crisis. This paper argues that the saving rate of the rich followed a similar pattern, the result of wealth effects associated with a boom-bust in asset prices. Indeed, the swings in saving by the rich must actually have played the most important role in the consumption boom-bust, since since the top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role in the Great Recession.

Down the Up Escalator

Down the Up Escalator PDF Author: Barbara Garson
Publisher: Anchor
ISBN: 038553275X
Category : Social Science
Languages : en
Pages : 233

Book Description
One of our most incisive and committed journalists—author of the classic All the Livelong Day—shows us the real human cost of our economic follies. The Great Recession has thrown huge economic chal­lenges at almost all Americans save the super-affluent few, and we are only now beginning to reckon up the human toll it is taking. Down the Up Escalator is an urgent dispatch from the front lines of our vast collective struggle to keep our heads above water and maybe even—someday—get ahead. Garson has interviewed an economically and geographically wide variety of Americans to show the pain­ful waste in all this loss and insecurity, and describe how individuals are coping. Her broader historical focus, though, is on the causes and consequences of the long stag­nation of wages and how it has resulted in an increasingly desperate reliance on credit and a series of ever-larger bubbles—stocks, technology, real estate. This is no way to run an economy, or a democracy. From the members of the Pink Slip Club in New York, to a California home health-care aide on the eve of eviction, to a subprime mortgage broker who still thinks it could have worked, Down the Up Escalator presents a sobering picture of what happens to a society when it becomes economically organized to benefit only the very rich and the quick-buck speculators. But it also demonstrates the wit and resilience of ordinary Americans—and why they deserve so much bet­ter than the hand they’ve been dealt.

This Labor Day, California's Workers Feel the Pain of Great Recession

This Labor Day, California's Workers Feel the Pain of Great Recession PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
In the Midst of the Great Recession: The State of Working California 2009 finds that the current recession stands apart from prior downturns for both the depth and breadth of weakness in the job market. [...] California has lost more jobs at a faster rate in the past two years than during any prior recession for which data are available, and while the construction sector has taken the hardest hit, employment has fallen in nearly every major sector of the economy. [...] "We also know that without the infusion of federal funds from the American Recovery and Reinvestment Act, Californians and the California economy would be suffering far more." The report shows: • In just two years, the recession has wiped out all of the jobs Californians gained during the previous four-year economic expansion. [...] That means that the current rate of unemployment is an inadequate measure of the current weakness in the job market. [...] The share of income going to the top 1 percent of US taxpayers in 2007 - the most recent year for which data are available - was the second highest in history.

Wage-Led Growth

Wage-Led Growth PDF Author: Engelbert Stockhammer
Publisher: Springer
ISBN: 1137357932
Category : Business & Economics
Languages : en
Pages : 329

Book Description
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Sources and Distribution of Income in California

Sources and Distribution of Income in California PDF Author: Ernest E. Hammersen
Publisher:
ISBN:
Category : California
Languages : en
Pages : 56

Book Description

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