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The Great Recession: The damage done and the rot revealed

Josh Bivens and Lawrence Mishel

in Failure by Design: The Story behind America's Broken Economy

Published in print:
2011
Published Online:
August 2016
ISBN:
9780801450150
eISBN:
9780801460654
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801450150.003.0001
Subject:
Economics and Finance, Public and Welfare

This introductory chapter argues that the consequences of the Great Recession are driven by social and political choices about how the economy is managed. It was not inevitable that the significant ... More


Failure by Design: The Story behind America's Broken Economy

Josh Bivens

Published in print:
2011
Published Online:
August 2016
ISBN:
9780801450150
eISBN:
9780801460654
Item type:
book
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801450150.001.0001
Subject:
Economics and Finance, Public and Welfare

This book relays a compelling narrative of the U.S. economy's struggle to emerge from the Great Recession of 2008. It explains the causes and impact on working Americans of the most catastrophic ... More


USA Child Poverty: The Impact of the Great Recession

Christopher Wimer and Timothy M. Smeeding

in Children of Austerity: Impact of the Great Recession on Child Poverty in Rich Countries

Published in print:
2017
Published Online:
May 2017
ISBN:
9780198797968
eISBN:
9780191839276
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198797968.003.0013
Subject:
Economics and Finance, Public and Welfare, International

The Great Recession (GR) was the most dramatic economic downturn the USA has experienced in more than six decades. But against this backdrop, the USA actually made some limited progress against child ... More


Country case study—UK

Robert Joyce and Luke Sibieta

in The Great Recession and the Distribution of Household Income

Published in print:
2012
Published Online:
May 2013
ISBN:
9780199671021
eISBN:
9780191750601
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199671021.003.0007
Subject:
Economics and Finance, Public and Welfare

This is the fifth of six chapters that focus on one country in depth: the UK in this case. GDP fell by over 7% during the Great Recession (GR), a post-war record. Employment fell by less than GDP, ... More


Children of Austerity: Impact of the Great Recession on Child Poverty in Rich Countries

Bea Cantillon, Yekaterina Chzhen, Sudhanshu Handa, and Brian Nolan (eds)

Published in print:
2017
Published Online:
May 2017
ISBN:
9780198797968
eISBN:
9780191839276
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198797968.001.0001
Subject:
Economics and Finance, Public and Welfare, International

The 2008 financial crisis triggered the worst global recession since the Great Depression. Many OECD countries responded to the crisis by reducing social spending. Through eleven diverse country case ... More


The Great Recession and the Distribution of Household Income

Stephen P. Jenkins, Andrea Brandolini, John Micklewright, and Brian Nolan (eds)

Published in print:
2012
Published Online:
May 2013
ISBN:
9780199671021
eISBN:
9780191750601
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199671021.001.0001
Subject:
Economics and Finance, Public and Welfare

This is a cross-national study of the impact of the Great Recession (GR) on the distribution of household incomes. Looking at real income levels, poverty rates, and income inequality, the book ... More


Austerity and Recovery in Ireland: Europe's Poster Child and the Great Recession

William K. Roche, Philip J. O'Connell, and Andrea Prothero (eds)

Published in print:
2016
Published Online:
January 2017
ISBN:
9780198792376
eISBN:
9780191834387
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198792376.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics, Public and Welfare

Among the nations most seriously affected by the Great Recession, Ireland has been hailed as a ‘poster child’ for austerity, particularly following the country’s exit from a severe austerity ... More


Scope, review of approaches, and evidence from the past

Stephen P. Jenkins, Andrea Brandolini, John Micklewright, and Brian Nolan

in The Great Recession and the Distribution of Household Income

Published in print:
2012
Published Online:
May 2013
ISBN:
9780199671021
eISBN:
9780191750601
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199671021.003.0001
Subject:
Economics and Finance, Public and Welfare

This chapter describes what the book aims to do, including the key features of the research, and provides background for subsequent chapters’ analysis of the Great Recession (GR). It discusses the ... More


The Great Recession and its consequences for household incomes in 21 countries

Stephen P. Jenkins, Andrea Brandolini, John Micklewright, Brian Nolan, and Gaetano Basso

in The Great Recession and the Distribution of Household Income

Published in print:
2012
Published Online:
May 2013
ISBN:
9780199671021
eISBN:
9780191750601
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199671021.003.0002
Subject:
Economics and Finance, Public and Welfare

This chapter reviews the impact of the Great Recession (GR) on household incomes in 21 OECD countries: Australia, Austria, Belgium, Canada, Denmark, Germany, Greece, Finland, France, Ireland, Italy, ... More


Country case study—USA

Jeffrey Thompson and Timothy M. Smeeding

in The Great Recession and the Distribution of Household Income

Published in print:
2012
Published Online:
May 2013
ISBN:
9780199671021
eISBN:
9780191750601
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199671021.003.0008
Subject:
Economics and Finance, Public and Welfare

This is the last of six chapters that focus on one country in depth: the USA in this case. The Great Recession (GR) was the most dramatic economic downturn that the USA experienced in more than six ... More


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