Family Welfare and the Great Recession

55 Pages Posted: 12 Sep 2014

See all articles by Julie L. Hotchkiss

Julie L. Hotchkiss

Federal Reserve Bank of Atlanta; Georgia State University - Department of Economics

Robert Elijah Moore

Georgia State University - Andrew Young School of Policy Studies

Fernando Rios‐Avila

Bard College - The Levy Economics Institute

Multiple version iconThere are 2 versions of this paper

Date Written: August 1, 2014

Abstract

The analysis in this paper provides estimates of family welfare losses generated by wage and non-labor income declines experienced across the Great Recession and by labor market constraints existing post-recession. Welfare losses are greater as families (both married and single) move up the income distribution. Total static welfare losses are estimated to amount to roughly $190 billion, comparing family welfare between 2007 and 2011.

Keywords: Family welfare, joint labor supply, microsimulation, constrained hours

JEL Classification: I30, J22, D19, E32

Suggested Citation

Hotchkiss, Julie L. and Moore, Robert Elijah and Rios‐Avila, Fernando, Family Welfare and the Great Recession (August 1, 2014). Andrew Young School of Policy Studies Research Paper Series No. 14-11. Available at SSRN: https://ssrn.com/abstract=2494582 or http://dx.doi.org/10.2139/ssrn.2494582

Julie L. Hotchkiss (Contact Author)

Federal Reserve Bank of Atlanta ( email )

Research Department
1000 Peachtree Street N.E.
Atlanta, GA 30309-4470
United States
404-498-8198 (Phone)
404-498-8058 (Fax)

Georgia State University - Department of Economics ( email )

P.O. Box 3992
Atlanta, GA 30302-3992
United States

Robert Elijah Moore

Georgia State University - Andrew Young School of Policy Studies ( email )

P.O. Box 3992
Atlanta, GA 30302-3992
United States
404-651-3756 (Phone)
404-651-4985 (Fax)

Fernando Rios‐Avila

Bard College - The Levy Economics Institute ( email )

Blithewood
Annandale-on-Hudson, NY 12504-5000
United States

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