Tag: household wealth
3 persistent myths about workers and income. The Census Bureau’s annual report on trends in household income always provides an opportunity to compare facts with perceptions. Theses misconceptions relate to what it means to be in the top 50%, the growth in income and earnings over time, and in inequality in the distribution of incom…
Abstract Recessions affect the timing of retirement through two channels, a weaker job market and losses in household wealth. The two phenomena have opposite effects. A weaker economy causes employers to increase permanent job separations and reduce new hires, accelerating retirements that would otherwise have occurred later. Falling household wealth reduces the resources available to…
