Welfare and the Great Recession

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Author :
Publisher : Oxford University Press
ISBN 13 : 0192566660
Total Pages : 384 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Welfare and the Great Recession by : Stefán Ólafsson

Download or read book Welfare and the Great Recession written by Stefán Ólafsson and published by Oxford University Press. This book was released on 2019-01-10 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welfare and the Great Recession surveys and analyses welfare consequences in the period following the financial crisis in Europe. It investigates how the burdens of the recession were shared between countries, between different socio-economic groups across Europe, and within individual countries, and offers new evidence that demonstrates the importance of the welfare state and government policies in sheltering populations from serious economic contraction. The first comprehensive study of the Great Recession in Europe that focuses on household level welfare consequences, this edited volume relates financial hardship to institutional characteristics such as welfare regimes, currency regimes, socio-political patterns, affluence levels, public debt, and policy reactions to periods of crisis. It takes into account stimulus versus austerity, the degree of social protection emphasis, the commitment to redistribution, and the significance of activism. Widely comparative, Welfare and the Great Recession combines comparisons of thirty countries with an in-depth study of nine country cases to offer various lessons from the crisis experience in Europe and reflect on welfare futures in a globalized crisis-prone environment.

The Great Recession

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Author :
Publisher : Russell Sage Foundation
ISBN 13 : 1610447506
Total Pages : 342 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis The Great Recession by : David B. Grusky

Download or read book The Great Recession written by David B. Grusky and published by Russell Sage Foundation. This book was released on 2011-10-01 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Social policy in challenging times

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Author :
Publisher : Policy Press
ISBN 13 : 1847428290
Total Pages : 353 pages
Book Rating : 4.8/5 (474 download)

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Book Synopsis Social policy in challenging times by : Farnsworth, Kevin

Download or read book Social policy in challenging times written by Farnsworth, Kevin and published by Policy Press. This book was released on 2011-09-21 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no precedent to the current economic crisis which looks set to redefine social policy debate throughout the globe. But its effects are not uniform across nations. Bringing together a range of expert contributions, the key lesson to emerge from this book is that 'the crisis' is better understood as a variety of crises, each mediated by national context. Consequently, there is an array of potential trajectories for welfare systems, from those where social policy is regarded as incompatible with the post-crisis economy to those where it is considered essential to future economic growth and security.

Strengths of the Social Safety Net in the Great Recession

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Author :
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880996633
Total Pages : 429 pages
Book Rating : 4.8/5 (89 download)

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Book Synopsis Strengths of the Social Safety Net in the Great Recession by : Christopher J. O'Leary

Download or read book Strengths of the Social Safety Net in the Great Recession written by Christopher J. O'Leary and published by W.E. Upjohn Institute. This book was released on 2019-08-22 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors in this book use administrative data from six states from before, during, and after the Great Recession to gauge the degree to which Supplemental Nutrition Assistance (SNAP) and Unemployment Insurance (UI) interacted. They also recommend ways that the program policies could be altered to better serve those suffering hardship as a result of future economic downturns.

Confronting Policy Challenges of the Great Recession

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Author :
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880996366
Total Pages : 152 pages
Book Rating : 4.8/5 (89 download)

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Book Synopsis Confronting Policy Challenges of the Great Recession by : Eskander Alvi

Download or read book Confronting Policy Challenges of the Great Recession written by Eskander Alvi and published by W.E. Upjohn Institute. This book was released on 2017-11-20 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a notable group of macroeconomists who describe the unprecedented events and often extraordinary policies put in place to limit the economic damage suffered during the Great Recession and then to put the economy back on track. Contributers include Barry Eichengreen; Gary Burtless; Donald Kohn; Laurence Ball, J. Bradford DeLong, and Lawrence H. Summers; and Kathryn M.E. Dominguez.

Navigating Policy and Practice in the Great Recession

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Author :
Publisher : Oxford University Press
ISBN 13 : 0190871083
Total Pages : 153 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis Navigating Policy and Practice in the Great Recession by : Stacey Borasky

Download or read book Navigating Policy and Practice in the Great Recession written by Stacey Borasky and published by Oxford University Press. This book was released on 2018 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new beginning -- Facing the future -- January 2008: change is coming -- History in the making -- Great Recession realities -- Change is a coming -- The path forward

How the Financial Crisis and Great Recession Affected Higher Education

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Author :
Publisher : University of Chicago Press
ISBN 13 : 022620183X
Total Pages : 343 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis How the Financial Crisis and Great Recession Affected Higher Education by : Jeffrey R. Brown

Download or read book How the Financial Crisis and Great Recession Affected Higher Education written by Jeffrey R. Brown and published by University of Chicago Press. This book was released on 2015-01-08 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.

Social policy in challenging times

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Author :
Publisher : Policy Press
ISBN 13 : 1447306066
Total Pages : 443 pages
Book Rating : 4.4/5 (473 download)

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Book Synopsis Social policy in challenging times by : Farnsworth, Kevin

Download or read book Social policy in challenging times written by Farnsworth, Kevin and published by Policy Press. This book was released on 2011-09-21 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no precedent to the current economic crisis which looks set to redefine social policy debate throughout the globe. But its effects are not uniform across nations. Bringing together a range of expert contributions, the key lesson to emerge from this book is that 'the crisis' is better understood as a variety of crises, each mediated by national context. Consequently, there is an array of potential trajectories for welfare systems, from those where social policy is regarded as incompatible with the post-crisis economy to those where it is considered essential to future economic growth and security.

Family Welfare and the Great Recession

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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Family Welfare and the Great Recession by : Julie L. Hotchkiss

Download or read book Family Welfare and the Great Recession written by Julie L. Hotchkiss and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis in this paper provides estimates of family welfare losses generated by wage and non-labor income declines experienced across the Great Recession and by labor market constraints existing post-recession. 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.

Welfare State Legitimacy in Times of Crisis and Austerity

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1788976304
Total Pages : 304 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis Welfare State Legitimacy in Times of Crisis and Austerity by : Tijs Laenen

Download or read book Welfare State Legitimacy in Times of Crisis and Austerity written by Tijs Laenen and published by Edward Elgar Publishing. This book was released on 2020-08-28 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Has there been change or continuity in the welfare attitudes of Europeans since the 2008 financial crisis? Using data from the European Social Survey, this book reveals how various types of welfare attitudes evolved between 2008, when the crisis triggered economic recessions and welfare reforms across Europe, and 2016, when most countries had largely recovered from that crisis.

The Times They Are Changing?

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1444362348
Total Pages : 191 pages
Book Rating : 4.4/5 (443 download)

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Book Synopsis The Times They Are Changing? by : Bent Greve

Download or read book The Times They Are Changing? written by Bent Greve and published by John Wiley & Sons. This book was released on 2012-01-17 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Times They Are Changing? Crisis and the Welfare State presents a series of readings from international policy researchers that examine the effects of the recent financial crisis on welfare states around the world. Provides comprehensive and in depth coverage of changes in welfare states as a result of the financial crisis Reveals how the financial crisis is changing our perception of the welfare states Features contributions from policy researchers and academics from around the world

The Financial Crisis Inquiry Report

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Author :
Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

America's Poor and the Great Recession

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Author :
Publisher : Indiana University Press
ISBN 13 : 0253009677
Total Pages : 179 pages
Book Rating : 4.2/5 (53 download)

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Book Synopsis America's Poor and the Great Recession by : Kristin Seefeldt

Download or read book America's Poor and the Great Recession written by Kristin Seefeldt and published by Indiana University Press. This book was released on 2013-01-29 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions have entered poverty as a result of the Great Recession's terrible toll of long-term unemployment. Kristin S. Seefeldt and John D. Graham examine recent trends in poverty and assess the performance of America's "safety net" programs. They consider likely scenarios for future developments and conclude that the well-being of low-income Americans, particularly the working poor, the near poor, and the new poor, is at substantial risk despite economic recovery.

House of Debt

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Publisher : University of Chicago Press
ISBN 13 : 022627750X
Total Pages : 238 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis House of Debt by : Atif Mian

Download or read book House of Debt written by Atif Mian and published by University of Chicago Press. This book was released on 2015-05-20 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A concise and powerful account of how the great recession happened and what should be done to avoid another one . . . well-argued and consistently informative.” —Wall Street Journal The Great American Recession of 2007-2009 resulted in the loss of eight million jobs and the loss of four million homes to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as less dramatic periods of economic malaise, were caused by a large run-up in household debt followed by a significantly large drop in household spending. Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi. We can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place. Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing today’s economy: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?

The Welfare State as Crisis Manager

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Author :
Publisher : Palgrave Macmillan
ISBN 13 : 9781349330423
Total Pages : 240 pages
Book Rating : 4.3/5 (34 download)

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Book Synopsis The Welfare State as Crisis Manager by : P. Starke

Download or read book The Welfare State as Crisis Manager written by P. Starke and published by Palgrave Macmillan. This book was released on 2013-01-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an in-depth analysis of social policy reactions to international economic shocks in four different welfare states, over a 40-year period. It reveals how expansion and retrenchment are shaped by domestic politics and existing welfare state institutions.

The Role of Social Partners in Managing Europe’s Great Recession

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Author :
Publisher : Routledge
ISBN 13 : 1000418235
Total Pages : 307 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Role of Social Partners in Managing Europe’s Great Recession by : Bernhard Ebbinghaus

Download or read book The Role of Social Partners in Managing Europe’s Great Recession written by Bernhard Ebbinghaus and published by Routledge. This book was released on 2021-07-29 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive study of the Great Recession and its consequences provides comparative analyses of the extent to which social concertation between government, unions, and employers varied over time and across European countries. This edited volume – a collaboration of international country experts – includes eight in-depth country case studies and analysis of European-level social dialogue. Further comparisons explore whether social concertation followed economic necessity, was dependent on political factors, or rather resulted from labour’s power resources. The importance of social partners’ involvement is again evident during the Covid-19 pandemic. Examining contemporary crises, the book will be of considerable interest to scholars and students of public and social policies, comparative political economy, and industrial relations – and more broadly to those following European and EU politics.

After Austerity

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Publisher : Oxford University Press
ISBN 13 : 0198790260
Total Pages : 244 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis After Austerity by : Peter Taylor-Gooby

Download or read book After Austerity written by Peter Taylor-Gooby and published by Oxford University Press. This book was released on 2017 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines European welfare states, how and why they are changing, and how they are likely to develop.