Housing security is vital to individual and collective well-being. It's also a key component in the nation's economic performance. The looming coronavirus eviction crisis suggests the need to address the systemic problem of housing affordability and security now.
This article represents the first U.S. study employing exclusively household-level longitudinal data spanning the Great Recession to estimate the response of household spending to negative wealth shocks induced by the sharp declines in house prices.
This issue describes RAND research efforts to help schoolkids suffering from trauma; to help health care providers get better, more meaningful feedback; and to use technology to improve the lives of displaced people throughout the world.
The government shutdown highlighted the lack of resilience many suffer from when they encounter unexpected economic events. The median American family has been losing ground for decades. Policy responses to address this situation will be complex and difficult, but are much needed.
Millennials are less worried than baby boomers about national security topics and more worried about kitchen table issues, such as making ends meet each month and paying off debts. But this may have less to do with the fact that they are millennials and more to do with the fact that millennials are young.
In this Call with the Experts, Marek N. Posard and Kathryn Edwards discuss their new report, which compares attitudes and opinions of millennials with those of previous generations and draws inferences about potential millennial concerns about security. Andrew Parasiliti also joins the conversation to provide an overview of the Security 2040 project.
As millennials become more prominent in the public and private sectors, their views will have greater influence. How do their attitudes toward security differ from those of previous generations? And what do these perceptions imply for U.S. security policy in 2040?
The results of this paper show a strong empirical relevance of subjective survival curves, indicating the importance to take into consideration of this dimension of individual heterogeneity in life cycle models.
Many American students struggle with the soaring cost of higher education. And for many college students, debt can have severe negative implications. But on balance, the benefits of a college degree appear to outweigh the costs.
While Oxfam reports have done a good job of bringing attention to the problem of inequality, they may give the false impression that global inequality has been rising instead of falling. Global inequality has actually been on the decline while inequality within the developed world is increasing.
In Bourgeois Equality, economist and historian Deirdre McCloskey advances the theory that ideas — not capital, institutions, innovation, R&D, tax policy, monetary policy, or regulatory policy — are the propelling force behind economic and societal growth.
Saving early for retirement is critical, but it's also important to stay on track during job changes. Younger workers tend to change jobs often, and if they cash out of their plans with each position, that can affect their long-term savings.