Working and Living in the Shadow of Economic Fragility

Hardcover | March 25, 2014

byMarion Crain, Michael Sherraden

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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 shockto 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 nolonger 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 forhow 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.

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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 shockto the global economy could erase the meager ...

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

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Format:HardcoverDimensions:288 pages, 9.25 × 6.12 × 0.98 inPublished:March 25, 2014Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:019998848X

ISBN - 13:9780199988488

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Table of Contents

1. Christina D. Romer: Response by Marion G. CrainResponse by Steven M. FazzariResponse by William R. EmmonsResponse by Michael Sherraden2. Barry Z. Cynamon and Steven M. Fazzari: 3. Melissa B. Jacoby and Mirya R. Holman: 4. Timothy D. McBride: 5. Sharon K. Long, Karen Stockley, Heather Dahlen, and Ariel Fogel: 6. Marion G. Crain and Ken Matheny: 7. Susan J. Lambert: 8. Mark R. Rank and Thomas A. Hirschl: 9. Joe Soss and Lawrence R. Jacobs: 10. Gillian Lester: 11. Jared Bernstein: 12. Michael Lind: