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.

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Year of publication:	2014-08-01
Authors:	Hotchkiss, Julie L. ; Moore, Robert E. ; Rios-Avila, Fernando
Institutions:	Federal Reserve Bank of Atlanta
Subject:	family welfare \| joint labor supply \| microsimulation \| constrained hours

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Number 2014-10 53 pages
Classification:	D19 - Household Behavior and Family Economics. Other ; E32 - Business Fluctuations; Cycles ; I30 - Welfare and Poverty. General ; J22 - Time Allocation and Labor Supply
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010942500