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The Cost of Free Assistance: Studying the Non-Use of Food Assistance in San Francisco

Non-governmental free food assistance is available to many low-income Americans through food pantries, yet many do not avail themselves of this assistance. As the monetary value of such assistance can be over $2,000 per year, non-use poses a puzzle from an economic standpoint. This study uses original data collected through in-depth interviews with 63 low-income San Franciscans who did not use free food assistance from food pantires. The data paint a nuanced picture of the reasons low-income people do not obtain assistance from local food pantries.

Tackling the Managerial Power Problem: The Key to Improving Executive Compensation

Lucian A. Bebchuk and Jesse M. Fried argue that executive pay exceeds its fair market level and that stockholders can rein it in only if their power is increased.

Stressing Out the Poor: Chronic Physiological Stress and the Income-Achievement Gap

Gary W. Evans, Jeanne Brooks-Gunn, and Pamela Kato Klebanov develop a new "chain model" that focuses on the chaotic environment that childhood poverty creates, how that chaos generates stress and cognitive dysfunction, and how such dysfunction in turn leads to academic underachievement.

State-Local Pension Costs: Pre-Crisis, Post-Crisis, and Post-Reform

State and local governments have been facing an extraordinarily difficult fiscal environment in recent years. One of many challenges has been restoring public pension plans to a sound fiscal footing after the economic crisis of 2007-09. States have begun to respond by enacting a mix of revenue increases and benefit cuts. These changes will, over time, improve the financial outlook for plans and help ease their impact on other budget priorities.

Recession Depression: Mental Health Effects of the 2008 Stock Market Crash

How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well-being on health use identification strategies involving income increases; these studies as well as prior research on stock market accumulations may not inform this question if the effect of wealth on health is asymmetric. We use exogenous variation in the interview dates of the 2008 Health and Retirement Study to assess the impact of large wealth losses on mental health among older U.S. adults.

Public Attitudes About Macroeconomic Policy in the U.S.

Since at least the Great Depression, most economists and most Americans appear to have accepted that the government should play a significant role in managing the economy by adopting policies that stabilize employment, encourage economic growth, and control inflation. Nevertheless, Americans have always differed on the proper form and extent of government intervention, and these differences may have sharpened in recent decades. In general, policy attitudes appear to have sorted into liberal and conservative clusters and aligned more fully with partisan preferences (Abramowitz 2010).

Poverty and the Great Recession

Severe economic downturns, like the Great Depression, are associated with substantial increases in poverty and material hardship. Since the Great Depression, the United States has developed programs and policies, many of which were launched during the New Deal and the War on Poverty-Great Society periods, that aim to protect the poor, the unemployed, children, the disabled, and the elderly against severe deprivation. It is important to examine how these programs performed during the most severe recession the country has experienced since the Great Depression.

Political Attitudes, Public Opinion, and the Great Recession

Has the Great Recession altered American views about business, finance, government, opportunity, inequality, and fairness? Has it changed the public's preferences regarding the appropriate role of government in regulating the economy and helping the less fortunate? Has it shifted political orientations or party allegiances? The purpose of this recession brief is to examine whether such opinions have changed during the Great Recession and prior recessions as much as it's often assumed.

Older Workers, Retirement, and the Great Recession

The workforce in the United States is becoming ever older. Because the number of older workers is growing, and because work is increasingly important to older adults, it is worth examining how older workers are faring in the Great Recession. This brief reports on employment, unemployment, and labor force participation among older workers since 2007, just before the labor market collapsed. It focuses on workers age 62 or older, nearly all of whom qualify for Social Security retirement benefits, an important safety net if laid off.

Measuring Economic Distress in San Francisco

Collaboration for Poverty Research Associate Director Christopher Wimer and CPI graduate fellow Emily Ryo present a new working paper on economic distress in San Francisco: the "San Francisco Distress Index," developed with support from the San Francisco Foundation and New America Media, shows that economic distress in San Francisco has nearly doubled since the beginning of the Great Recession, and stands well higher today than in the months and years following the dot-com bust.

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