Hearings, Reports and Prints of the Joint Economic Committee PDF Download

Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Legislative hearings
Languages : en
Pages : 576

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Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 130

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Author: David B. Grusky
Publisher: Russell Sage Foundation
ISBN: 1610447506
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
Officially over in 2009, the Great Recession is now generally acknowledged to be the most devastating global economic crisis since the Great Depression. As a result of the crisis, the United States lost more than 7.5 million jobs, and the unemployment rate doubled—peaking at more than 10 percent. The collapse of the housing market and subsequent equity market fluctuations delivered a one-two punch that destroyed trillions of dollars in personal wealth and made many Americans far less financially secure. Still reeling from these early shocks, the U.S. economy will undoubtedly take years to recover. Less clear, however, are the social effects of such economic hardship on a U.S. population accustomed to long periods of prosperity. How are Americans responding to these hard times? The Great Recession is the first authoritative assessment of how the aftershocks of the recession are affecting individuals and families, jobs, earnings and poverty, political and social attitudes, lifestyle and consumption practices, and charitable giving. Focused on individual-level effects rather than institutional causes, The Great Recession turns to leading experts to examine whether the economic aftermath caused by the recession is transforming how Americans live their lives, what they believe in, and the institutions they rely on. Contributors Michael Hout, Asaf Levanon, and Erin Cumberworth show how job loss during the recession—the worst since the 1980s—hit less-educated workers, men, immigrants, and factory and construction workers the hardest. Millions of lost industrial jobs are likely never to be recovered and where new jobs are appearing, they tend to be either high-skill positions or low-wage employment—offering few opportunities for the middle-class. Edward Wolff, Lindsay Owens, and Esra Burak examine the effects of the recession on housing and wealth for the very poor and the very rich. They find that while the richest Americans experienced the greatest absolute wealth loss, their resources enabled them to weather the crisis better than the young families, African Americans, and the middle class, who experienced the most disproportionate loss—including mortgage delinquencies, home foreclosures, and personal bankruptcies. Lane Kenworthy and Lindsay Owens ask whether this recession is producing enduring shifts in public opinion akin to those that followed the Great Depression. Surprisingly, they find no evidence of recession-induced attitude changes toward corporations, the government, perceptions of social justice, or policies aimed at aiding the poor. Similarly, Philip Morgan, Erin Cumberworth, and Christopher Wimer find no major recession effects on marriage, divorce, or cohabitation rates. They do find a decline in fertility rates, as well as increasing numbers of adult children returning home to the family nest—evidence that suggests deep pessimism about recovery. This protracted slump—marked by steep unemployment, profound destruction of wealth, and sluggish consumer activity—will likely continue for years to come, and more pronounced effects may surface down the road. The contributors note that, to date, this crisis has not yet generated broad shifts in lifestyle and attitudes. But by clarifying how the recession’s early impacts have—and have not—influenced our current economic and social landscape, The Great Recession establishes an important benchmark against which to measure future change.

Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Public Assistance and Unemployment Compensation
Publisher:
ISBN:
Category : Supplemental unemployment benefits
Languages : en
Pages : 292

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Author: United States. Congress. Senate. Committee on Unemployment Problems
Publisher:
ISBN:
Category : Unemployed
Languages : en
Pages : 2456

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Investigates nature, causes, and economic impact of structural, seasonal, and chronic unemployment; Oct. 14 hearing was held in Uniontown, Pa.; Oct. 15 hearing was held in Wilkes-Barre, Pa.; and Oct. 26 hearing was held in Altoona, Pa., pt.2; Continuation of hearings on unemployment problems in Michigan, particularly in the automotive and mining industries. Nov. 10 hearing was held in Marquette, Mich.; and Nov. 12 and 13 hearings were held in Detroit, Mich., pt.3; Nov. 19 hearing was held in Duluth, Minn.; Nov. 20 hearing was held in Hibbing, Minn.; and Dec. 17 hearing was held in West Frankfort, Ill. Includes "Depressed Industrial Areas -- A National Problem," by the National Planning Association Committee on Depressed Areas (1683-1757 p.), pt.4;Dec. 10 hearing was held in Harlan, Ky.; Dec. 11 hearings were held in Pikeville, Ky. and New Orleans, La.; and Dec. 14 hearing was held in Baton Rouge, La., pt.5; Continuation of hearings to examine regional unemployment problems. Nov. 16 hearing was held in Welch, W. Va.; Nov. 17 morning session hearing was held in Beckley, W. Va.; Nov. 17 afternoon session hearing was held in Fayetteville, W. Va.; and Nov. 18 hearing was held in Wheeling, W. Va., pt.6; Dec. 1 hearing was held in Evansville, Ind; Dec. 2 hearing was held in Terre Haute, Ind.; Dec. 3 hearing was held in Indianapolis, Ind.; and Dec. 4 hearing was held in La Porte, Ind., pt.7; Nov. 3 hearing was held in Portland, Oreg.; Dec. 14 hearing was held in Rock Springs, Wyo. Includes numerous studies relating to labor and employment in Oregon, pt.8; Jan. 8 hearing was held in Schenectady, NY; Jan. 11 hearing was held in Lynn, Mass., pt.9

Author: Michigan. State Emergency Welfare Relief Commission
Publisher:
ISBN:
Category : Public welfare
Languages : en
Pages : 524

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Author: United States. Congress. Economic Joint Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 130

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Author: Andreas Pollak
Publisher: Mohr Siebeck
ISBN: 9783161493041
Category : Business & Economics
Languages : en
Pages : 204

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Book Description
Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.

Author: Edward Alden
Publisher: Rowman & Littlefield
ISBN: 1538109093
Category : Political Science
Languages : en
Pages : 269

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Book Description
*Updated edition with a new foreword on the Trump administration's trade policy* The vast benefits promised by the supporters of globalization, and by their own government, have never materialized for many Americans. In Failure to Adjust Edward Alden provides a compelling history of the last four decades of US economic and trade policies that have left too many Americans unable to adapt to or compete in the current global marketplace. He tells the story of what went wrong and how to correct the course. Originally published on the eve of the 2016 presidential election, Alden’s book captured the zeitgeist that would propel Donald J. Trump to the presidency. In a new introduction to the paperback edition, Alden addresses the economic challenges now facing the Trump administration, and warns that economic disruption will continue to be among the most pressing issues facing the United States. If the failure to adjust continues, Alden predicts, the political disruptions of the future will be larger still.

Author: Stephen Broadberry
Publisher: Cambridge University Press
ISBN: 1107070783
Category : Business & Economics
Languages : en
Pages : 503

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Book Description
This is the first systematic quantitative account of British economic growth from the thirteenth century to the Industrial Revolution.