Did the Great Recession affect young people’s aspirations and reinforce social inequality?
نویسندگان
چکیده
منابع مشابه
How Did the Great Recession Impact Social Preferences?∗
We compare behavior in modified dictators game during the “Great Recession” to behavior in otherwise identical experiments conducted amidst the economic boom that preceded it. The experiments capture both differences in indexical selfishness and differences in equalityefficiency tradeoffs. Subjects exposed to the recession exhibit higher levels of indexical selfishness and greater emphasis on e...
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We develop a model of adaptive learning with social comparisons. Actors are more likely to choose actions that recently yielded satisfactory payoffs; satisfaction is evaluated relative to an aspiration level that reflects previous payoffs and possibly other players’ payoffs. This captures the phenomenon of social comparison via reference groups. We show that if agents compare themselves to thos...
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How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries This paper examines how different types of workers in 17 middle-income countries were affected by labor market retrenchment during the great recession. Impacts on different types of workers varied by country and were only weakly related to the severity of the shock. Among active workers, yout...
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This paper studies the connection between the stock market and the unemployment rate. I establish three facts. First, the log of the real value of the S&P 500 and the log of a logistic transformation of the unemployment rate are non-stationary cointegrated series. Second, the stock market Granger causes the unemployment rate. Third, the connection between changes in the real value of the stock ...
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ژورنال
عنوان ژورنال: Longitudinal and Life Course Studies
سال: 2014
ISSN: 1757-9597
DOI: 10.14301/llcs.v5i2.288