About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

695 Annals Am. Acad. Pol. & Soc. Sci. 8 (2021)

handle is hein.cow/anamacp0695 and id is 1 raw text is: The Long Recovery from the Great Recession: An Introduction By TIMOTHY M. SMEEDING, JENNIFER ROMICH, and MICHAEL R. STRAIN The first two decades of the twenty-first century have been marked by the Great Recession (GR), which was followed by the longest recovery in U.S. history, here termed the Long Recovery (LR). The LR lasted more than 10 years and ended with a pandemic bang in March 2020. This article introduces the eighteen arti- cles that make up our review of the effects of the LR on the working class. What did more than a decade of economic expansion following the GR do for the work- ing class and various groups of disadvantaged workers? We study this question through the lenses of economics, demography, sociology, and policy. The working class- lower-middle-income units, especially those whose adults have low education levels or other credentials- was hit hard by the GR. Did groups who are usually at a labor market disadvantage in fact make absolute and relative gains in incomes and living standards during the LR? Lessons from the LR will help to inform policy efforts to sustain the postpandemic economic expan- sion, which is still under way as of this writing. Keywords: Great Recession; long recovery; tight labor market D ramatic macroeconomic events have marked the first 21 years of the twenty-first Timothy M. Smeeding is the Lee Rainwater Distinguished Professor of Public Affairs and Economics at the University of Wisconsin-Madison, where he was former director of the Institute for Research on Poverty. He is a fellow of the AAPSS. His recent work has focused on inequality in income, wealth and consumption, and social and economic mobility across generations. Jennifer Romich is a professor of social welfare at the University of Washington School of Social Work and faculty director of the West Coast Poverty Center She studies resources and economic well-being in families, with an emphasis on low-income workers, household budgets, and families' interactions with public policy. Michael R. Strain is the director of Economic Policy Studies and Arthur E Burns Scholar in PoliticalEconomy at the American Enterprise Institute and is also a research fellow at the IZA Institute of Labor Economics. Correspondence: smeeding@wisc.edu DOI: 10.1177/00027162211036030 ANNALS, AAPSS, 695, May 2021 8

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most