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Buchmueller says employee wages are hit harder than corporate profits by rising health insurance costs

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

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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

Richest Americans first to sell off stocks during 2008-09 market meltdown

a PSC In The News reference

"The Super Rich Were the First to Bail During the Financial Crisis" - Bloomberg. 05/03/2016.

University of Michigan economists mapped selling patterns in recent US financial crises and found the share of selling by the richest .1% of Americans rose sharpest in days following market volatility. As one researcher put it: “Very, very high income people are disproportionately likely to sell a bunch of stock during a financial crisis.” This work could help identify behavioral biases that feed market meltdowns.

Related paper

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