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Brown: Evidence indicates increasing minimum wage has a modest negative impact on employment in the short term

Wagner and Heeringa study facets of suicide risk among US Army soldiers

Shaefer on study showing US spends less on poorest children, more on the elderly, than it did 20 years ago

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Call for Papers: PSID User Conference 2018: Child Wellbeing and Outcomes in Childhood, Young Adulthood, and over the Lifecourse

Martha Bailey elected to the board of the Society of Labor Economists

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

Charlie Brown elected to the board of the Society of Labor Economists

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Frank P. Stafford

Stafford says too early to say whether stock market declines will curtail Americans' spending

a PSC In The News reference, 2016

"How to deal with the wealth effect's opposite as stocks fall" - USA Today. 02/09/2016.

The wealth effect is how spending varies with changes in perceived wealth. With recent drops in the world stock markets, consumers may respond to their perceived wealth declines with cutbacks in discretionary spending. Frank Stafford says it's still too soon to know: “The summer drop in the Standard and Poor’s 500-stock index and then the more recent drop may or may not be persistent enough to have a major effect." But, he cautions, "if the pattern persists or is notable, as in China, then spending will likely be curtailed."


Frank P. Stafford

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