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Davis-Kean et al. link children's self-perceptions to their math and reading achievement

Yang and Mahajan examine how hurricanes impact migration to the US

Patrick and colleagues analyze high-intensity drinking among adolescents

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Pamela Smock elected to PAA Committee on Publications

Viewing the eclipse from ISR-Thompson

Paula Fomby to succeed Jennifer Barber as Associate Director of PSC

PSC community celebrates Violet Elder's retirement from PSC

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Next Brown Bag

Mon, Sept 11, 2017, noon:
Welcoming of Postdoctoral Fellows: Angela Bruns, Karra Greenberg, Sarah Seelye and Emily Treleaven

Frank P. Stafford

Stafford says exiting down stock market worsened position of low-income households

a PSC In The News reference, 2014

"Bad Stock-Market Timing Fueled Wealth Disparity" - Wall Street Journal. 10/26/2014.

Selling off stock during the recent recession may have contributed to U.S. wealth inequality. Using PSID data, Frank Stafford and Bing Chen found that Americans with less education and savings were more likely to sell stock during the recent downturn and therefore less likely to benefit from the subsequent rebound. Stafford speculates that many of those who exited may never get back in, turning instead to traditional savings accounts. This is a mistake, he says: “Unless we get a flash of brilliance for a new pension system, stocks are a really important ingredient.”


Frank P. Stafford

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