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

a PSC In The News reference

"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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