Family Welfare and the Great Recession

Julie L. Hotchkiss, Robert Moore and Fernando Rios-Avila ()
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Julie L. Hotchkiss: https://www.atlantafed.org/research/economists/hotchkiss-julie

No 2014-10, FRB Atlanta Working Paper from Federal Reserve Bank of Atlanta

Abstract: The analysis in this paper provides estimates of family welfare losses generated by wage and nonlabor income declines experienced across the Great Recession and by labor market constraints existing postrecession. Welfare losses are greater as families (both married and single) move up the income distribution. Total static welfare losses are estimated to amount to roughly $190 billion, comparing family welfare between 2007 and 2011.

Keywords: family welfare; joint labor supply; microsimulation; constrained hours (search for similar items in EconPapers)
JEL-codes: D19 E32 I30 J22 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2014-08-01
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (2)

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