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Geronimus: Stress makes black women 7.5 years older in biological age than white counterparts

Frey rethinks trends in Millennial mass urganization

Shaefer on new UN report about America's failing safety net

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Seefeldt promoted to associate professor of social work, associate professor of public policy

Martha Bailey elected to the Board of Officers of the Society of Labor Economists

Charlie Brown elected to the Board of Officers of the Society of Labor Economists

Former PSC trainee Patrick Kline wins SOLE's Sherwin Rosen Prize for "Outstanding Contributions in the Field of Labor Economics"

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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.”

Researcher:

Frank P. Stafford

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