Fabian T. Pfeffer photo

Wealth after the Great Recession: Who Lost and Who Recovered?

a MiCDA Research Project Description

Investigators: Fabian T. Pfeffer, Robert F. Schoeni

Funding: Russell Sage Foundation, 2012-2015 (92-12-15)

This project investigates the heterogeneous changes in family income and wealth that occurred during the Great Recession and its aftermath, drawing on newly available national data from the Panel Study of Income Dynamics. Analyses include how the Great Recession altered the distribution of net worth and different types of assets and how these changes differed by families' long-term economic position and demographic characteristics. The study identifies family characteristics/events that made families vulnerable to wealth losses and those that facilitated family recovery. It also assesses intergenerational correlations in wealth trajectories during and following the Great Recession.

Research Signature Theme:

Economics of Saving and Retirement in the U.S.

Country of Focus: USA