Heterogeneity in the Impact of Economic Cycles and the Great Recession: Effects within and across the Income Distribution

Marianne Bitler and Hilary Hoynes

American Economic Review, 2015, vol. 105, issue 5, 154-60

Abstract: In this paper, we examine the effects of economic cycles on low- to moderate-income families. We use variation across states and over time to estimate the effects of cycles on the distribution of income, using fine gradations of the household income-to-poverty ratio. We also explore how the effects of cycles affect the risk of falling into poverty across demographic groups, focusing on age, race/ethnicity, and family type. We conclude by testing to see whether these relationships have changed in the Great Recession. We discuss the results in light of the changes in the social safety net in recent decades.

JEL-codes: D31 E32 I32 I38 J12 J15 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/aer.p20151055
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Citations: View citations in EconPapers (30)

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