Do economic recessions “squeeze the middle class”?
نویسندگان
چکیده
منابع مشابه
Economic stress and the great recession in Ireland: polarization, individualization or ‘middle class squeeze’?
Following an unprecedented boom that attracted the label ‘Celtic Tiger’, since 2008 Ireland has experienced the most severe economic and labour market crisis since the foundation of the State. The rapid deterioration in the labour market, alongside stringent austerity measures, had a widespread impact. Considerable debate persists as to where the heaviest burden has fallen. Conventional measure...
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This paper examines whether negative innovations to GNP are more or less persistent than positive innovations. We find that once we allow for the impulse response ofGNP to be asymmetric, negative innovations to GNP are observed to be much less persistent than positive ones. In particular, the effect of a recession on the forecast of output is found to be negligible after only eight to twelve qu...
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BACKGROUND Fluctuations in the national economy shape labour market opportunities and outcomes, which in turn may influence the accumulation of cognitive reserve. This study examines whether economic recessions experienced in early and mid-adulthood are associated with later-life cognitive function. METHOD Data came from 12,020 respondents in 11 countries participating in the Survey of Health...
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Modern political economy stresses “society’s polarization” as a determinant of development outcomes. Among the most common sources of social polarization are class divisions and ethnic divisions. A middle class consensus is defined as a high share of income for the middle class and a low degree of ethnic divisons. A middle class consensus distinguishes development successes from failures. The p...
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ژورنال
عنوان ژورنال: Economics & Politics
سال: 2019
ISSN: 0954-1985,1468-0343
DOI: 10.1111/ecpo.12145