The Great Recession

Contents

Contents Contributors vii Preface ix Part I Introduction 1 Chapter 1 The Consequences of the Great Recession 3 David B. Grusky, Bruce Western, and Christopher Wimer Chapter 2 The Roots of the Great Recession 21 Neil Fligstein and Adam Goldstein Part II Economic Effects: The Labor Market, Income and Poverty, and Wealth and Housing 57 Chapter 3 Job Loss and Unemployment 59  Michael Hout, Asaf Levanon, and Erin Cumberworth Chapter 4 Poverty and Income Inequality in the Early Stages of the Great Recession 82  Timothy M. Smeeding, Jeffrey P. Thompson, Asaf Levanon, and Esra Burak Chapter 5 How Much Wealth Was Destroyed in the Great Recession? 127  Edward N. Wolff, Lindsay A. Owens, and Esra Burak vi    Contents Part III Social Effects: Consumption, Attitudes, and Family 159 Chapter 6 An Analysis of Trends, Perceptions, and Distributional Effects in Consumption 161  Ivaylo D. Petev, Luigi Pistaferri, and Itay Saporta-Eksten Chapter 7 The Surprisingly Weak Effect of Recessions on Public Opinion 196 Lane Kenworthy and Lindsay A. Owens Chapter 8 The Great Recession’s Influence on Fertility, Marriage, Divorce, and Cohabitation 220  S. Philip Morgan, Erin Cumberworth, and Christopher Wimer Part IV The Collective Response: The Government and Charitable Giving 247 Chapter 9 The Federal Stimulus Programs and Their Effects 249 Gary Burtless and Tracy Gordon Chapter 10 Has the Great Recession Made Americans Stingier? 294  Rob Reich, Christopher Wimer, Shazad Mohamed, and Sharada Jambulapati Index 315 ...