Disparities in Wealth Accumulation and Loss from the Great Recession and Beyond
利用二十多年的消费者金融调查数据和伪面板技术，研究发现大衰退使美国家庭平均财富减少28.5%，是此前估计的两倍，且所有主要财富组成部分均下降。
Using over two decades of Survey of Consumer Finances data and a pseudo-panel technique, we measure the impact of the Great Recession on US family wealth relative to the counterfactual of what wealth would have been given wealth accumulation trajectories. Our synthetic cohort-level models find that the Great Recession reduced average family wealth by 28.5 percent-nearly double the magnitude of previous pre-post mean descriptive estimates and double the magnitude of any previous recession since the 1980s. The housing market was only part of the story; all major wealth components fell as a result of the Great Recession.