Young People's Development and the Great Recession

Young People's Development and the Great Recession
Author: Ingrid Schoon
Publisher: Cambridge University Press
Total Pages: 513
Release: 2017-11-02
Genre: Business & Economics
ISBN: 1107172977

This book provides a dynamic and contextualized account of how young people's lives are shaped by economic instability and uncertainty.

The Long Shadow of Informality

The Long Shadow of Informality
Author: Franziska Ohnsorge
Publisher: World Bank Publications
Total Pages: 397
Release: 2022-02-09
Genre: Business & Economics
ISBN: 1464817545

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Working and Living in the Shadow of Economic Fragility

Working and Living in the Shadow of Economic Fragility
Author: Marion Crain
Publisher: Oxford University Press
Total Pages: 289
Release: 2014-03-18
Genre: Social Science
ISBN: 0199988498

Not since the Great Depression of the 1930s has the United States faced such a prolonged period of high unemployment and underemployment. Recovery from the "Great Recession" that began in 2008 has been slow, and is projected to remain sluggish over the next several years, while another shock to the global economy could erase the meager gains of the past months. Economic conditions remain fragile and employment challenges show no sign of letting up. With persistently high unemployment and underemployment-and growing inequality in wages-an increasing number of American families are no longer adequately supported by employment income and basic benefits. Many older workers have "retired" before they are ready, and many young workers cannot find a foothold in the job market. A silent crisis is underway, with huge social and economic costs for the nation. Working and Living in the Shadow of Economic Fragility examines the current state of employment through historical, macroeconomic, cultural, sociological and policy lenses, in order to address fundamental questions about the role and value of work in America today. The book offers suggestions for how to address the short- and long-term challenges of rebuilding a society of opportunity with meaningful and sustaining jobs as the foundation of the American middle class.

Youth, Jobs, and the Future

Youth, Jobs, and the Future
Author: Lynn S. Chancer
Publisher:
Total Pages: 313
Release: 2019
Genre: Business & Economics
ISBN: 0190685891

While overall unemployment has declined, the unemployment rate remains nearly twice as high for young people 16 to 19 years of age and nearly three times as high for those aged 20 to 24. Rates of unemployment and underemployment are nearly two to three times higher for Black and Latino youth. In Youth, Jobs, and the Future, Lynn S. Chancer, Mart n S nchez-Jankowski, and Christine Trost have gathered a cast of well-known interdisciplinary scholars to confront the persistent issues of youth unemployment and worsening socio-economic precarity in the United States. The book explores structural and cultural causes of youth unemployment, their ramifications for both native and immigrant youth, and how middle- and working-class youth across diverse races and ethnicities are affected within and outside the legal economy. A needed contribution, this book locates solutions to youth unemployment in economic and political changes as well as changes in cultural attitudes.

The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report
Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
Total Pages: 692
Release: 2011-05-01
Genre: Political Science
ISBN: 1616405414

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

The Oxford Handbook of Economics and Human Biology

The Oxford Handbook of Economics and Human Biology
Author: Dr. John Komlos
Publisher: Oxford University Press
Total Pages: 849
Release: 2016-05-02
Genre: Business & Economics
ISBN: 0199389306

The Oxford Handbook of Economics and Human Biology provides an extensive and insightful overview of how economic conditions affect human well-being and how human health influences economic outcomes. Among the topics explored are how variations in height, whether over time, among different socio-economic groups, and in different locations, are important indicators of changes in economic growth and economic development, levels of economic inequality, and economic opportunities for individuals. The book covers a broad geographic range: Africa, Latin and North America, Asia, and Europe. Its temporal scope ranges from the late Iron Age to the present. Taking advantage of recent improvements in data and economic methods, the book also explores how humans' biological conditions influence and are influenced by their economic circumstances, including poverty. Among the issues addressed are how height, body mass index (BMI), and obesity can affect and are affected by productivity, wages, and wealth. How family environment affects health and well-being is examined, as is the importance of both pre-birth and early childhood conditions for subsequent economic outcomes. Reflecting this dynamic and expanding area of research, the volume shows that well-being is a salient aspect of economics, and the new toolkit of evidence from biological living standards enhances understanding of industrialization, commercialization, income distribution, the organization of health care, social status, and the redistributive state affect such human attributes as physical stature, weight, and the obesity epidemic in historical and contemporary populations.

Economics of the Labour Market

Economics of the Labour Market
Author: P. N. (Raja) Junankar
Publisher: Springer
Total Pages: 499
Release: 2016-01-12
Genre: Business & Economics
ISBN: 113755519X

The global crisis has led to dramatic increases in unemployment rates over most of the countries of the OECD. This book provides alternative explanations of this phenomenon. Junankar begins with surveys of the labour market: labour demand, labour supply, and labour force participation. He argues that the growth of unemployment and long-term unemployment is mainly due to a lack of aggregated demand and not due to high unemployment benefits. Economics of the Labour Market shows that unemployment and long-term unemployment impose serious and significant costs on individuals, families, and society in general. Raja Junankar focuses on vital social issues arising from the malfunctioning of economies and this collection of essays tackles the real cost of unemployment.

Recession

Recession
Author: Lisa A. Crayton
Publisher: Enslow Publishing, LLC
Total Pages: 98
Release: 2015-12-15
Genre: Juvenile Nonfiction
ISBN: 0766073564

Through engaging, easily understood language, readers will learn about the specifics of an economic recession, including the difference between a recession and a depression, what can be done about a recession, how it affects everyday life, and how it will impact their future. This text supports financial literacy and informs teens how to be fiscally responsible in life.

Young Workers in the Shadow of the Great Recession

Young Workers in the Shadow of the Great Recession
Author: Nichole Caldwell
Publisher: Nova Science Publishers
Total Pages: 0
Release: 2015
Genre: Business & Economics
ISBN: 9781634821858

Young adults in the United States have experienced higher rates of unemployment and lower rates of labor force participation than the general population for at least two decades. The Great Recession exacerbated this phenomenon. Despite a substantial labor market recovery from 2009 through 2014, vulnerable populations--including the nation's young adults--continue to experience higher rates of unemployment. Meanwhile, changes in labor market conditions, including globalization and automation, have reduced the availability of well-paid, secure jobs for less-educated persons, particularly those jobs that provide opportunity for advancement. Furthermore, data suggest that young workers entering the labor market are affected by a long-running increase in the use of "contingent" work arrangements, characterized by contracted, part-time, temporary, and seasonal work. This book summarizes insights from the Survey of Young Workers and related research in the field; and it frames policy and research issues for future consideration by the Federal Reserve Board and others interested in young workers.

The Long Shadow

The Long Shadow
Author: Karl Alexander
Publisher: Russell Sage Foundation
Total Pages: 289
Release: 2014-05-31
Genre: Social Science
ISBN: 1610448235

A volume in the American Sociological Association's Rose Series in Sociology West Baltimore stands out in the popular imagination as the quintessential “inner city”—gritty, run-down, and marred by drugs and gang violence. Indeed, with the collapse of manufacturing jobs in the 1970s, the area experienced a rapid onset of poverty and high unemployment, with few public resources available to alleviate economic distress. But in stark contrast to the image of a perpetual “urban underclass” depicted in television by shows like The Wire, sociologists Karl Alexander, Doris Entwisle, and Linda Olson present a more nuanced portrait of Baltimore’s inner city residents that employs important new research on the significance of early-life opportunities available to low-income populations. The Long Shadow focuses on children who grew up in west Baltimore neighborhoods and others like them throughout the city, tracing how their early lives in the inner city have affected their long-term well-being. Although research for this book was conducted in Baltimore, that city’s struggles with deindustrialization, white flight, and concentrated poverty were characteristic of most East Coast and Midwest manufacturing cities. The experience of Baltimore’s children who came of age during this era is mirrored in the experiences of urban children across the nation. For 25 years, the authors of The Long Shadow tracked the life progress of a group of almost 800 predominantly low-income Baltimore school children through the Beginning School Study Youth Panel (BSSYP). The study monitored the children’s transitions to young adulthood with special attention to how opportunities available to them as early as first grade shaped their socioeconomic status as adults. The authors’ fine-grained analysis confirms that the children who lived in more cohesive neighborhoods, had stronger families, and attended better schools tended to maintain a higher economic status later in life. As young adults, they held higher-income jobs and had achieved more personal milestones (such as marriage) than their lower-status counterparts. Differences in race and gender further stratified life opportunities for the Baltimore children. As one of the first studies to closely examine the outcomes of inner-city whites in addition to African Americans, data from the BSSYP shows that by adulthood, white men of lower status family background, despite attaining less education on average, were more likely to be employed than any other group in part due to family connections and long-standing racial biases in Baltimore’s industrial economy. Gender imbalances were also evident: the women, who were more likely to be working in low-wage service and clerical jobs, earned less than men. African American women were doubly disadvantaged insofar as they were less likely to be in a stable relationship than white women, and therefore less likely to benefit from a second income. Combining original interviews with Baltimore families, teachers, and other community members with the empirical data gathered from the authors’ groundbreaking research, The Long Shadow unravels the complex connections between socioeconomic origins and socioeconomic destinations to reveal a startling and much-needed examination of who succeeds and why.