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Consumption and the Great Recession

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Abstract

In 2009, Medicaid spent over $75 billion on 5.3 million elderly beneficiaries. This article describes the Medicaid rules for the elderly and discusses their economic implications.

Suggested Citation

  • David A. Benson & Mariacristina De Nardi & Eric French, 2012. "Consumption and the Great Recession," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 36(Q I), pages 1-16.
    • Handle: RePEc:fip:fedhep:y:2012:i:qi:p:1-16:n:v.36no.1
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    References listed on IDEAS

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    1. Michael D. Hurd & Susann Rohwedder, 2010. "Effects of the Financial Crisis and Great Recession on American Households," NBER Working Papers 16407, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    Recessions; Consumer behavior;

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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