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Odds of a Double Dip: A Sampling of Opinions. Plus, Wolfers on Twitter
(liquidlibrary) So by now you’re hopefully aware that the stock market completely bombed today. As I type, the Dow is down more than 500 points, its worst day since December 2008. (Official day’s tally...
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The End is Nigh: Let’s All Move to Barter Village!
Let’s face it: things aren’t great right now. The economy is on its back. Our political system is a mess. The South is stuck in a record-breaking drought. And Tiger Woods has apparently forgotten how...
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Recession Time Survey: 30% of Foregone Work Hours Spent on Sleep, Watching TV
(Creatas) Even after a decent jobs report earlier this month, unemployment is still over 9%. The underemployment rate? That’s 16%, and includes part-time workers who’d rather be full-time, plus people...
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Physical Activity During the Recession: More Voluntary Exercise, Less Exertion
(Comstock) Last month, we wrote about data pulled from the American Time Use Survey (ATUS), examining how Americans spend their lost work hours during the recession. While 32% of foregone work hours...
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Forgive Student Loans? Worst Idea Ever.
(iStockphoto) There’s an argument going around right now that forgiving the country’s student loan debt would have a stimulative effect on the economy. This online petition by Signon.org, an offshoot...
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Changing Youth Migration Patterns: So Long New York, Hello… Portland?
A new blog post from William H. Frey, senior fellow at the Brookings Institution, takes a look at the migration patterns of American youth, and the cities that attract the “cool” crowd. In the last few...
View ArticleAt Least One Labor Measure Was Up During the Recession
Productivity, that is. One factor was the trimming of deadwood; the other seems to be old-fashioned harder work. From a new working paper by Casey Mulligan (emphasis added): During the recession of...
View ArticleThe Slightly-Bright Side for Boomers in the Recession
A new working paper (full version here) by Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai examines the impact the Great Recession has had on the wealth and income of Baby Boomers nearing...
View ArticleAstounding Fact of the Day
More evidence of the relationship between the housing market and the overall economy: Construction makes up less than 5 percent of employment but accounts for more than 40 percent of the large swings...
View ArticleRaghuram Rajan on the Recession
In Foreign Affairs, Raghuram Rajan (who’s appeared on this blog before) writes about the causes and lessons of the Great Recession: In fact, today’s economic troubles are not simply the result of...
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It’s Crowded at the Top: A New Marketplace Podcast
(Photo: Metro Centric) Our latest podcast, “Crowded at the Top,” presents a surprising explanation for why the U.S. unemployment rate is still relatively high. (You can download/subscribe at iTunes,...
View ArticleDoes Child Abuse Rise During a Recession?
How do economic conditions affect the incidence of child abuse? While researchers have found that poverty and child abuse are linked, there’s been no evidence that downturns increase abuse. A new...
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A Silver Lining to Unemployment?
(Photo: NCinDC) Friday’s labor-force data brought liberal outcries, and a comment from Ben Bernanke, that the drop in labor-force participation indicates unemployment is really much higher, and the...
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Are Recessions Like Prison Camps or Baby-sitting Co-ops?
Tim Harford, who writes the Financial Times‘s “Undercover Economist” column, has appeared on our blog many times. This guest post is part of a series adapted from his new book The Undercover Economist...
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