The Great Recession and Material Hardship
AbstractLittle research looks at the relationship between macroeconomic indicators and material hardship. High unemployment rates as a result of economic downturns are likely to lead to lost income, increased poverty, and material hardship. We examine the effect of the unemployment rate on hardship – food insecurity, difficulty paying bills, housing insecurity, unmet medical needs, and having utilities cut off – and investigate the role that government safety nets play in mitigating the effects of unemployment on the experience of material hardship. We use data from the Fragile Families and Child Well-being Study. The latest wave of data was collected during the Great Recession, the worst recession since the Great Depression, providing a unique opportunity to look at how high unemployment rates affect the well-being of low income families.
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Bibliographic InfoPaper provided by Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Research on Child Wellbeing. in its series Working Papers with number 1312.
Date of creation: May 2011
Date of revision:
Material Hardship; Unemployment; Recession;
Find related papers by JEL classification:
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
- D19 - Microeconomics - - Household Behavior - - - Other
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
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