How Did the Recession of 2007-2009 Affect the Wealth and Retirement of the Near Retirement Age Population in the Health and Retirement Study?

This paper uses asset and labor market data from the Health and Retirement Study (HRS) to investigate how the recent "Great Recession" has affected the wealth and retirement of those in the population who were just approaching retirement age at the beginning of the recession, a potentially vulnerable segment of the working age population. The retirement wealth held by those ages 53 to 58 before the onset of the recession in 2006 declined by a relatively modest 2.8 percentage points by 2010. In more normal times, their wealth would have increased over these four years. Members of older cohorts accumulated an additional 5 percent of wealth over the same age span. To be sure, a part of their accumulation was the result of the upside of the housing bubble. The wealth holdings of poorer households were least affected by the recession. Relative losses are greatest for those who initially had the highest wealth when the recession began. The adverse labor market effects of the Great Recession are more modest. Although there is an increase in unemployment, that increase is not mirrored in the rate of flow out of full-time work or partial retirement. All told, the retirement behavior of the Early Boomer cohort looks similar, at least so far, to the behavior observed for members of older cohorts at comparable ages. Very few in the population nearing retirement age have experienced multiple adverse events. Although most of the loss in wealth is due to a fall in the net value of housing, because very few in this cohort have found their housing wealth under water, and housing is the one asset this cohort is not likely to cash in for another decade or two, there is time for their losses in housing wealth to recover.

Group Chase and Escape

We describe here a new concept of one group chasing another, called "group chase and escape", by presenting a simple model. We will show that even a simple model can demonstrate rather rich and complex behavior. In particular, there are cases in which an optimal number of chasers exists for a given number of escapees (or targets) to minimize the cost of catching all targets. We have also found an indication of self-organized spatial structures formed by both groups.Comment: 13 pages, 12 figures, accepted and to appear in New Journal of Physic

Sir, Yes, Sir! : The Courts, Congress and Structural Injunctions

This is a deeply confused book. Not that the authors\u27 stance is unclear: They have seen federal courts in action, and they don\u27t like what they see. Their subject is federal judicial supervision of state and local governments through injunctive decrees. The authors\u27 position wouldn\u27t be confused - or at least would be confused in a different way - if they dealt with injunctive decrees aimed at enforcing what the judges took to be constitutional requirements. In such cases there\u27s at least something coherent that can be said about judges displacing democratic decision-making. Sandler and Schoenbrod, though, don\u27t deal with constitutional cases. Their concern is judicial enforcement of federal statutes, such as the Clean Air Act and the Education for All Handicapped Children Act

Understanding the Workforce Needs of New Jersey's Public Health and Other Disaster Management Employers

This report explores the priority workforce needs of New Jersey's public disaster management system. An advisory group of disaster management-related employers from law enforcement and state and local public health systems and educational institutions was convened in the spring of 2006 to identify priority workforce skill needs. Researchers also conducted interviews with state officials, domestic security, public health, and disaster planning experts, as well as reviews of labor market information, state and national websites, and industry and scholarly literature

Investigation report of two Walt Disney factories

This document is part of a digital collection provided by the Martin P. Catherwood Library, ILR School, Cornell University, pertaining to the effects of globalization on the workplace worldwide. Special emphasis is placed on labor rights, working conditions, labor market changes, and union organizing.CLW_Investigation_Two_Disney_Factories.pdf: 4945 downloads, before Oct. 1, 2020