Document Type

Presentation

Publication Date

6-10-2015

Publisher

London School of Economics & Political Science

First page number:

1

Last page number:

64

Abstract

The Great Recession

  • Officially lasted from December 2007 to June 2009
  • Most severe recession since Great Depression
  • In the first quarter of 2012 about 30% of jobless workers had been unemployed for a year or longer
  • From 2007 to 2009, real personal income per capita fell by 8.3 percentage points and many individuals dropped from the labor force

The Safety Nets for Families with Children

  • Unemployment Insurance
  • Medicaid
  • Earned Income Tax Credit
  • Supplemental Security Income (SSI)
  • Subsidized Housing
  • Temporary Assistance for Needy Families Program (TANF)

Keywords

Earned income tax credit; Housing subsidies; Medicaid; Recessions; Supplemental security income program; Temporary Assistance for Needy Families (Program); Unemployed; Unemployment; Unemployment insurance

Disciplines

Economic Policy | Economics | Growth and Development | Social Welfare

Language

English

Comments

Original file hosted by the London School of Economics & Political Science can be found at: http://sticerd.lse.ac.uk/seminarpapers/ses10062015.pdf.

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