Working and Living in the Shadow of Economic Fragility

ISBN : 9780199988488

Marion Crain; Michael Sherraden
288 Pages
162 x 242 mm
Pub date
May 2014
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Not since the Great Depression of the 1930s has the United States faced such a prolonged period of high unemployment and underemployment. Recovery from the "Great Recession" that began in 2008 has been slow, and is projected to remain sluggish over the next several years, while another shock to the global economy could erase the meager gains of the past months. Economic conditions remain fragile and employment challenges show no sign of letting up. With persistently high unemployment and underemployment-and growing inequality in wages-an increasing number of American families are no longer adequately supported by employment income and basic benefits. Many older workers have "retired" before they are ready, and many young workers cannot find a foothold in the job market. A silent crisis is underway, with huge social and economic costs for the nation. Working and Living in the Shadow of Economic Fragility examines the current state of employment through historical, macroeconomic, cultural, sociological and policy lenses, in order to address fundamental questions about the role and value of work in America today. The book offers suggestions for how to address the short- and long-term challenges of rebuilding a society of opportunity with meaningful and sustaining jobs as the foundation of the American middle-class.


Chapter 1
Christina D. Romer
Response by Marion G. Crain
Response by Steven M. Fazzari
Response by William R. Emmons
Response by Michael Sherraden
Chapter 2
Barry Z. Cynamon and Steven M. Fazzari
Chapter 3
Melissa B. Jacoby and Mirya R. Holman
Chapter 4
Timothy D. McBride
Chapter 5
Sharon K. Long, Karen Stockley, Heather Dahlen, and Ariel Fogel
Chapter 6
Marion G. Crain and Ken Matheny
Chapter 7
Susan J. Lambert
Chapter 8
Mark R. Rank and Thomas A. Hirschl
Chapter 9
Joe Soss and Lawrence R. Jacobs
Chapter 10
Gillian Lester
Chapter 11
Jared Bernstein
Chapter 12
Michael Lind

About the author: 

Marion Crain, Vice Provost, Wiley B. Rutledge Professor of Law & Director, Center for the Interdisciplinary Study of Work and Social Capital, Washington University School of Law Michael Sherraden, Youngdahl Professor of Social Development & Director, Center for Social Development, George Warren Brown School of Social Work, Washington Univeristy in St. Louis

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