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Full-Text Articles in Social and Behavioral Sciences
Differences Between The Early Stages Of The Unemployment Rates: The Great Recession Vs. The Great Depression, Lall Ramrattan, Michael Szenberg
Differences Between The Early Stages Of The Unemployment Rates: The Great Recession Vs. The Great Depression, Lall Ramrattan, Michael Szenberg
Lander College of Arts and Sciences Publications and Research
We test for differences between the Great Recession and the Great Depression in the US, using unemployment rates. The test used is ANOVA. The hypothesis advanced is that the early phases of the recession and depression are non-different. At first we reject the hypothesis. But by incorporating government involvement for the two periods, we obtain moderate arguments for the acceptance of the hypothesis. The paper starts out with background ideas of the two periods, then proceeds to the testing based on actual data, deviation of actual from normal or NAIRU rates, and adjusted data for government capital injection and subsidies.
A Longitudinal Study Of Well-Being Of Older Europeans: Does Retirement Matter?, Raquel Fonseca, Arie Kapteyn, Jinkook Lee, Gema Zamarro, Kevin Feeney
A Longitudinal Study Of Well-Being Of Older Europeans: Does Retirement Matter?, Raquel Fonseca, Arie Kapteyn, Jinkook Lee, Gema Zamarro, Kevin Feeney
Gema Zamarro
We examine determinants of financial and subjective well-being, in particular poverty and depression, among older individuals in Europe. We do so using the 2004, 2006, and 2010 waves of the Survey of Health Ageing and Retirement in Europe and estimating dynamic panel data and binary choice transition models. We find a number of common effects across financial and subjective well-being. Unemployment, disabilities, serious health conditions, lower education, being female, and not being married increase the probability of poverty or depression. Conversely, healthy individuals, those with higher levels of education, males, and married individuals have higher probabilities of exiting poverty or …