Word: found
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Dates: during 2000-2009
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Federal Reserve Chairman Ben Bernanke says the U.S. recession is over. But even if a recovery is under way, for millions of people there's little reason to celebrate, according to studies led by Till Marco von Wachter, a Columbia University economist. His research found that the deleterious effects of a downturn on its victims can last decades and, for some, actually prove fatal. Von Wachter talked with TIME recently about his findings...
...usually takes a long time to find such a good job match. These types of jobs pay more, but they don't come along that easily. Once you lose such a good job, you may not find another like it. There was a component of luck in having found that matching job, and it's hard to get lucky twice...
...also followed a large group of Canadian college students and found that those who graduated during a recession initially suffered significant earnings losses, around 10%, and it took eight to 10 years for that effect to fade. Why do they take such a big hit and for so long? In a recession, well-paying firms and industries hire fewer workers, so college graduates have to take jobs with less attractive firms. Graduates can recover by finding a new job at a better-paying firm, but that process can take a long time. Some workers never actually recover. Those who graduated...
...recent study found that mortality rates don't increase during a recession. But your research of earnings and death records in Pennsylvania found that when high-seniority males, especially those around age 40, are laid off, their mortality rate initially jumps 50% to 100% and that while the risk abates over time, a job loss can shave 1 to 1½ years off their life expectancy. Are these studies in conflict? No. For these people [in our group], being laid off in a recession was important because they experienced a big and long-lasting shock to their lives, including large...
...surprising, then, that when it was my turn to give out names, I found myself adhering to similar kinds of traditions. My daughters are half Mexican - not an easy thing to be in Lou Dobbs' America - and my wife and I wanted to make sure they remained proud of their Hispanic heritage. We thus tagged them with Elisa and Paloma - elegant, uncommon and undeniably Spanish. (See pictures of pregnant-belly...