Word: recessional
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You 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...
So during a recession, stay in school? It really depends on what the cost of another degree is. For many, it's not really worth it staying in school longer. But what students should be aware of is they have to remain flexible. Students have to be aware that to...
Clearly, a recession can shred the spending power of millions for many years. Doesn't that have negative repercussions for a U.S. economy underpinned by consumer spending? In the short run, laid-off workers or graduates will consume much less, but so will most other people. That will stall the...
A 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...
So for the overall population, there may be things peculiar to a recession that are beneficial to health and cut mortality rates, even though some segments are at risk if they lose their jobs? That's one way to explain the difference. The other way to explain it is that...