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2015 Conference

du 15 au 16 October 2015

Orlando, FL

Welcome to the AFS Conference 2015 Schedule App. Please use the search features to see when your session or poster has been scheduled to take place. 

Which Households Could Have Expected a Substantial Income Drop During the Great Recession?

vendredi 16 octobre 2015 à 10:50–12:20 EDT
3-Senate
Keywords: 5 words maximum

income variability, income loss, financial planning, risk, Survey of Consumer Finances,

Very short description for use in the program to help attendees understand more than a title can describe

We used the 2007-2009 Panel of the Survey of Consumer Finances was used to estimate the likelihood that a household would have a decrease in income of at least 50% between 2006 and 2008. Over 8% of U.S. households experienced at least a 50% decrease in income, and the likelihood of experiencing such a large drop in household income ranged from 3% for households in the lowest income decile in 2006 to 52% for those in the highest 1% of income. A logit showed that many household characteristics were related significantly to the probability of suffering such a dramatic decrease. 

 

Lead & Corresponding Author

Eunice Hong, The Ohio State University
Job Title

PhD

Additional Authors

Sherman Hanna, Ph.D., Ohio State University
Job Title

Professor

Chargement en cours …