Tag: Great Depression
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…
The focus on raising the debt limit has distracted us from the real problem – namely, the desperate plight of the unemployed. Conventional approaches to reducing unemployment through stimulating consumption do not appear to be working. Six million people have now been unemployed for 27 weeks or more. For many, unemployment insurance benefits have run…