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Frey and colleagues outline 10 trends showing scale of America's demographic transitions

Starr says surveys intended to predict recidivism assign higher risk to poor

Prescott and colleagues find incidence of noncompetes in U.S. labor force varies by job, state, worker education

Highlights

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

Mon, March 9
Luigi Pistaferri, Consumption Inequality and Family Labor Supply

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Pfeffer says housing bubble masked decade-long growth in household net worth inequality

a PSC In The News reference

"The Typical Household, Now Worth a Third Less" - New York Times. 07/26/2014.

This story reports on a recent Russell Sage-funded study highlighting the growth of economic inequality in the U.S. The investigators, Fabian Pfeffer, Sheldon Danziger, and Robert Schoeni, found that net worth declined 36% 2003-2013 for households at the median level, but rose 14% during the same period for households in the top 5%. Although household wealth at the median level appeared to be rising until 2007, much of that gain came from rising home values. Pfeffer, lead author of the study report, says: "The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001."

Related journal article

Researchers:

Fabian T. Pfeffer
Robert F. Schoeni
Sheldon H. Danziger

More Media Coverage:

Business Insider. American Families Haven't Made Much Of A Comeback Since The Great Recession. 7/29/2014.

Washington Post. The middle class is 20 percent poorer than it was in 1984. 7/29/2014.

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