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Whose Financial Crisis? How the Grea...

Nau, Michael D.

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Whose Financial Crisis? How the Great Recession Reshaped Economic Instability and Inequality in the U.S.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Whose Financial Crisis? How the Great Recession Reshaped Economic Instability and Inequality in the U.S./
作者:	Nau, Michael D.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2016,
面頁冊數:	168 p.
附註:	Source: Dissertation Abstracts International, Volume: 78-06(E), Section: A.
Contained By:	Dissertation Abstracts International78-06A(E).
標題:	Sociology. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10308520
ISBN:	9781369556407

Whose Financial Crisis? How the Great Recession Reshaped Economic Instability and Inequality in the U.S.
Nau, Michael D.

Whose Financial Crisis? How the Great Recession Reshaped Economic Instability and Inequality in the U.S. - Ann Arbor : ProQuest Dissertations & Theses, 2016 - 168 p.

Source: Dissertation Abstracts International, Volume: 78-06(E), Section: A.

Thesis (Ph.D.)--The Ohio State University, 2016.

Many families suffer economic losses during economic crises and a key political issue during any such crisis is allocating these losses. During the 2008 financial crisis, American policymakers' primary objective was shielding investors, business owners and financial insiders from losses through a series of bailouts, capital market interventions and tax breaks. In my dissertation, I examine how this decision reshaped the distribution of risk and economic insecurity in the post-crisis era using data from the Federal Reserves Survey of Consumer Finances and Consumer Credit Panel. I employ a variety of statistical methods in my analyses, including multiple imputation, logistic regression and various post-estimation techniques. I find that some families have become more secure: those who depend upon ownership or control of wealth have become more entrenched in their top positions. Many more have become less secure, particularly those depending on labor, housing and consumer credit markets for resources. The result is that middle class families now have the same risk of income loss as the working poor and budget problems are no longer limited to the marginalized or improvident. These findings point to a major shift in economic risk from elites to middle-class and lower-income families and may portend further economic and political polarization.

ISBN: 9781369556407Subjects--Topical Terms:

516174
Sociology.

Whose Financial Crisis? How the Great Recession Reshaped Economic Instability and Inequality in the U.S.
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