Russell Sage Foundation Research Projects on the Recession
- Awarded Scholar:
- Scott Allard, University of Chicago
Data tabulated by the U.S. Census shows that poverty rates have jumped by 2.6 percentage points since the onset of the recession, rising from 12.5 percent in 2007 to 15.1 percent in 2010. Although the annual rate of 15.1 percent is the highest rate since 1983, growth in the U.S.
Tagged: - Awarded Scholars:
- Gabriel R. Sanchez, University of New Mexico
- Jillian Medeiros, University of New Mexico
- Kimberly R. Huyser, University of New Mexico
The Great Recession's economic impact on minorities and immigrants has been especially devastating. Between 2005 and 2009, Hispanic households lost 66 percent of their wealth and black households lost 53 percent, while white households lost only 16 percent. By 2010, when the overall unemployment rate was around 10 percent, it was 16 percent for blacks and 13 percent for Latinos.
Tagged: - Awarded Scholars:
- Brian Cadena, University of Colorado-Boulder
- Brian Kovak, Carnegie Mellon University
When the U.S. housing bubble peaked in mid-2006 and finally burst in 2007, it precipitated the onset of the largest economic downturn since the Great Depression with severe consequences for the housing market. A record 2.9 million foreclosure notices were filed in 2010, 1.2 million were reported in the first half of 2011, and recent reports indicate that foreclosures are on the rise again.
Tagged: - Awarded Scholars:
- Gary Painter, University of Southern California
- Zhou Yu, University of Utah
Beginning in the 1990s immigrants to the United States have increasingly moved away from the traditional gateway cities and begun settling in new destinations.
Tagged: - Awarded Scholar:
- Jesse Rothstein, University of California, Berkeley
Among the most pressing and persistent questions about the Great Recession are these: Why has the U.S. labor market been so slow to recover, leaving unemployment rates near nine percent more than two years after the official end of the recession?
Tagged: - Awarded Scholar:
- Till von Wachter, Columbia University
Different tribes of economists tend to view recessions quite differently. Keynesians suggest that recessions result from economy-wide slumps in demand and do not produce a lasting change in industrial structure.
Tagged:
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