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Eisenberg discusses U-M program offering mental health services to student athletes

Bailey and Dynarski's work cited in Bloomberg article on growing U.S. inequality

Frey says current minority college completion rates predict decline in college-educated Americans

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ISR addition wins LEED Gold Certification

Call for Proposals: Small Grants for Research Using PSID Data. Due March 2, 2015

PSC Fall 2014 Newsletter now available

Martha Bailey and Nicolas Duquette win Cole Prize for article on War on Poverty

Next Brown Bag

Monday, Feb 2
Monica Grant, Free Primary Education & Age of First Birth in Malawi

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Pfeffer, Danziger, and Schoeni find uneven wealth gains in slow recovery from recession

a PSC In The News reference

"Study: Recession and Recovery Widen U.S. Wealth Gap" - Associated Press. 06/24/2014.

This story cites a study by Fabian Pfeffer, Sheldon Danziger, and Robert Schoeni finding that although U.S. households at all levels had not yet recovered by 2011 the wealth lost during the Great Recession, the losses and gains were unevenly distributed. For instance, the top 5% of households lost 16% of their net worth 2007-2012, while the net worth of the median household fell 43%. In 2013, the richest 5% of American households had 24 times the wealth of the median household, up from less than 17% in 2007. The investigators say: "The collapse of the labor, housing, and stock markets beginning in 2007 created unprecedented challenges for American families. ...[T]he declines were greater for less advantaged groups as measured by minority status, education, and pre-recession income and wealth, leading to a substantial rise in wealth inequality in just a few years."

Related journal article

Researchers:

Fabian T. Pfeffer
Robert F. Schoeni

More Media Coverage:

ABC News. Study: Recession and Recovery Widen US Wealth Gap. 6/24/2014.

Money. Wealth Inequality Doubled Over Last 10 Years, Study Finds. 6/25/2014.

US News & World Report. Great Recession and slow recovery have widened US wealth gap as home prices trail stock gains. 6/24/2014.

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