This chapter provides an overview of the section of the text that examines job loss. The main theme of the chapter is that since the Great Recession is more severe than the periods covered by some of the data used in the individual analyses, they may understate the likely impacts of recent job losses. One particular area the discussion points towards as being different in the Great Recession is the depressed housing market. While prior recessions have resulted in both job loss and temporary declines in the equity markets, the extent of the negative impact of the Great Recession on housing equity is unusual. Housing is a major component of wealth for many families so a sharp decline implies fewer resources to react and adapt to job loss. Also, job loss itself often precedes home foreclosure.
Stanford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.