Home > Events & News > Brown Bag Schedule . Archive

PSC In The News

RSS Feed icon

Work by Geronimus cited in account of Serena Williams' maternal health complications

Alexander and Massey compare outcomes for children whose parents did and did not take part in Great Migration

Geronimus on pushing past early dismissal of her weathering hypothesis

More News

Highlights

Robert Wood Johnson Foundation health leadership development programs accepting applications

AA named 2018 Best Place to Live in America (out of 100 cities)

Remembering Jim Morgan, founding member of ISR and creator of the PSID

1/17/18: ISR screening and discussion of documentary "Class Divide" at Michigan Theater

More Highlights

Next Brown Bag

Mon, Jan 22, 2018, noon: Narayan Sastry

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."

Researcher:

Frank P. Stafford

View News Archive