The Great Recession and Credit Trends across Income Groups
نویسندگان
چکیده
منابع مشابه
Household Credit and Employment in the Great Recession
How much did the contraction in the supply of credit to households contribute to the decline in employment during the Great Recession? To answer this question I provide new estimates of: (1) the elasticity of employment with respect to household credit; and (2) the size of the supply shock to household credit. I exploit a county’s exposure to the collapse of a large and previously healthy lende...
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This paper examines the association between the Great Recession and real assets among families with young children. Real assets such as homes and cars are key indicators of economic well-being that may be especially valuable to low-income families. Using longitudinal data from the Fragile Families and Child Wellbeing Study (N = 4,898), we investigate the association between the city unemploymen...
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In this paper, we examine the effects of economic cycles on lowto moderate-income families. We use variation across states and over time to estimate the effects of cycles on the distribution of income, using fine gradations of the household income-to-poverty ratio. We also explore how the effects of cycles affect the risk of falling into poverty across demographic groups, focusing on age, race/...
متن کاملThe Great Recession and Entrepreneurship
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Credit cards and other forms of unsecured debt can be borrowed without underwriting earnings. Forward looking creditworthy households can use unsecured debt during unemployment to support consumption during an earnings shock. This paper uses the Survey of Income and Program Participation (SIPP) data to estimate consumer debt levels of households before, during and after unemployment spells acro...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2015
ISSN: 0002-8282
DOI: 10.1257/aer.p20151054