Home > Publications . Search All . Browse All . Country . Browse PSC Pubs . PSC Report Series

PSC In The News

RSS Feed icon

Attempted suicides among U.S. soldiers often occur before or soon after deployment

Shaefer and Edin's book ($2 a Day) cited in piece on political debate over plight of impoverished Americans

Eisenberg tracks factors affecting both mental health and athletic/academic performance among college athletes

Highlights

Elizabeth Bruch promoted to Associate Professor

Susan Murphy elected to the National Academy of Sciences

Maggie Levenstein named director of ISR's Inter-university Consortium for Political and Social Research

Arline Geronimus receives 2016 Harold R. Johnson Diversity Service Award

Next Brown Bag

PSC Brown Bags
will resume fall 2016

Fabian T. Pfeffer photo

Wealth Disparities Before and After the Great Recession

Publication Abstract

Pfeffer, Fabian T., Sheldon H. Danziger, and Robert F. Schoeni. 2013. "Wealth Disparities Before and After the Great Recession." Annals of the American Academy of Political and Social Science, 650(1): 98-123.

The collapse of the labor, housing, and stock markets beginning in 2007 created unprecedented challenges for American families. This study examines disparities in wealth holdings leading up to the Great Recession and during the first years of the recovery. All socioeconomic groups experienced declines in wealth following the recession, with higher wealth families experiencing larger absolute declines. In percentage terms, however, the declines were greater for less advantaged groups as measured by minority status, education, and prerecession income and wealth, leading to a substantial rise in wealth inequality in just a few years. Despite large changes in wealth, longitudinal analyses demonstrate little change in mobility in the ranking of particular families in the wealth distribution. Between 2007 and 2011, one-fourth of American families lost at least 75 percent of their wealth, and more than half of all families lost at least 25 percent of their wealth. Multivariate longitudinal analyses document that these large relative losses were disproportionally concentrated among lower-income, less educated, and minority households.

DOI:10.1177/0002716213497452 (Full Text)

PMCID: PMC4200506. (Pub Med Central)

Browse | Search : All Pubs | Next