The welfare state after the great recession

The Welfare State After the Great Recession

Risk, Recession, and Declining Popular Demand for the Welfare State

How do individual preferences over welfare spending respond to economic hard times? In this paper we reconcile two prominent, opposing expectations: that recessions lead to a ‘hunkering down’ such that individuals become less favorable to taxation and expenditure; and that downturns, being associated with increases in risk, should lead to increased demand for government expenditure. We present ...

Ideology All the Way Down? The Impact of the Great Recession on Partisans’ Welfare Policy Preferences

The widespread hardships caused by the Great Recession and the sharp increase in budget deficits have brought to the fore the debate over the desired level of government provided welfare assistance. To what extent are voters' preferences on welfare policy driven by their personal circumstances versus their ideological dispositions? Addressing this question is difficult because individuals' ideo...

Wealth Disparities before and after the Great Recession.

The collapse of the labor, housing, and stock markets beginning in 2007 created unprecedented challenges for American families. This study examines disparities in wealth holdings leading up to the Great Recession and during the first years of the recovery. All socioeconomic groups experienced declines in wealth following the recession, with higher wealth families experiencing larger absolute de...

The Great Recession and Entrepreneurship

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