Tag: earnings
Households in the bottom third have been truly devastated. We have been trying to figure out what happened to households’ financial well-being between 2007 and 2019. This exercise led us back to data on the ratio of wealth to income by age from the Federal Reserve’s triennial Survey of Consumer Finances (SCF). In these ratios,…
Abstract We show that earnings over the life cycle and health and productivity around retirement age vary with exposure to economic conditions in early life. Using state-year-level variation from the most severe and prolonged economic downturn in American history – the Great Depression – combined with restricted microdata from the Health and Retirement Study, w…
