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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-08-11 09:18 AM
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78.  Rutgers University Working Paper : Categorizing the Unemployed by the Impact of the Recession

By Dr. Cliff Zukin, Dr. Carl E. Van Horn, and Charley Stone

In August 2009, the John J. Heldrich Center for Workforce Development at Rutgers, The State University of New Jersey began following a nationally representative sample of American workers who lost a job during the height of the Great Recession.

The research began with a cross-sectional sample of 1,202 who had said they had lost a job at some point in the preceding 12 months (between August 2008 and 2009). They were resurveyed in March 2010, again in November 2010, and then in August 2011.

A total of 3,972 individual surveys were completed over the two years. Well over half of the original respondents participated in all four waves of the project, meaning they spent, on average, 50 minutes of their time responding to roughly 200 questionnaire items.

This resulting measure combines an assessment of the respondent/familys current economic status with the magnitude of change in the quality of daily life, with an assessment of whether this change represents a new normal or is a temporary stay in limbo. Combining answers to these three questions result in a typology with five groups, defined as follows:

  • Workers who have MADE IT BACK consider themselves in excellent, good, or fair financial shape and have experienced no change in their standard of living due to the recession.

  • People ON THEIR WAY BACK have largely experienced a minor change to their
    standard of living, but say the change is temporary. They also consider themselves in excellent, good, or fair financial shape.

  • Workers who have been DOWNSIZED meet one of three conditions; they have
    experienced: a minor change that is permanent; a minor change that is temporary, but they are in poor financial shape; or a major change in their standard of living that is temporary and they are in at least fair financial shape.

  • Workers classified as DEVASTATED have experienced a major change to their
    lifestyle due to the recession. They can be either in poor financial shape and think the change is temporary, or in fair financial shape but think this change is permanent.

  • Workers that have been TOTALLY WRECKED by this recession have experienced a major change to their lifestyle that is permanent and are in poor financial shape.

Read the rest of this working paper:

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  -STOCK MARKET WATCH, Thursday, December 8, 2011 Pale Blue Dot  Dec-08-11 06:05 AM   #0 
  - Today's Reports  Pale Blue Dot   Dec-08-11 06:06 AM   #1 
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        - Nor Should It Be Saved, IMO  Demeter   Dec-08-11 08:21 AM   #61 
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  - Morning, X  Demeter   Dec-08-11 07:00 AM   #10 
     - i knew this was one of your paper days -- and that your weather is  xchrom   Dec-08-11 07:05 AM   #17 
        - Two concerts Sunday  Demeter   Dec-08-11 07:32 AM   #35 
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  - And handing it out cost-free to the banksters, too!  Demeter   Dec-08-11 07:04 AM   #16 
  - The FED will probably do the same thing, to cut the rate  DemReadingDU   Dec-08-11 07:09 AM   #20 
     - SPEAKING OF THE FED: Fed may give loans to IMF to help euro zone  Demeter   Dec-08-11 07:13 AM   #23 
     - Kiss that money goodbye  DemReadingDU   Dec-08-11 07:23 AM   #27 
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        - Sure they can.  Fuddnik   Dec-08-11 12:39 PM   #90 
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  - When they wake up, it will be too late to save their money  DemReadingDU   Dec-08-11 08:02 AM   #49 
  - Interesting thread posted by madfloridian  DemReadingDU   Dec-08-11 07:07 AM   #18 
  - She see's the next stop for this bus.  Fuddnik   Dec-08-11 08:22 AM   #63 
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     - I was thinking about that just last night, Fudd.  Tansy_Gold   Dec-08-11 09:23 AM   #82 
     - I recommend we have a contact point.....  AnneD   Dec-08-11 12:08 PM   #89 
        - I'm registerd under an elm tree  Demeter   Dec-08-11 03:40 PM   #92 
           - me too  DemReadingDU   Dec-09-11 05:19 AM   #96 
              - I am registered there too....  AnneD   Dec-09-11 09:21 AM   #97 
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     - My thumbnail impression of DU3.  Hugin   Dec-08-11 08:39 AM   #69 
        - As far as being on a Jury...  Hugin   Dec-08-11 09:18 AM   #79 
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  - With all the sinister news about MF Global today, I wonder  DemReadingDU   Dec-08-11 08:22 AM   #62 
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  - Buffett utility makes solar power move  Demeter   Dec-08-11 07:28 AM   #31 
  - ZeroHedge - really, really sinsiter stuff going on with MF Global  DemReadingDU   Dec-08-11 07:30 AM   #33 
  - That ties in with my post #14  Demeter   Dec-08-11 07:36 AM   #37 
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     - It is getting strange.  Fuddnik   Dec-08-11 08:42 AM   #70 
        - Sounds Like it's Time to put the Money in Serta  Demeter   Dec-08-11 08:45 AM   #72 
        - That also is a good idea.  DemReadingDU   Dec-08-11 09:20 AM   #80 
        - That is very odd  DemReadingDU   Dec-08-11 09:17 AM   #77 
           - I can transfer between some accounts, just not that particular account.  Fuddnik   Dec-08-11 09:59 AM   #84 
     - Very interesting.  Hugin   Dec-08-11 08:09 AM   #55 
  - Tony Blair's new 'bank' for super-rich  Demeter   Dec-08-11 07:47 AM   #41 
  - RBS - Inside The Bank That Ran Out Of Money VIDEO  Demeter   Dec-08-11 07:51 AM   #44 
  - k&r n/t  Hotler   Dec-08-11 08:06 AM   #53 
  - south asia: Sensex slumps 389 points on growth, euro zone debt concerns  xchrom   Dec-08-11 08:18 AM   #59 
  - ECB unveils new support for banks  Demeter   Dec-08-11 08:43 AM   #71 
  - Central Banks Plan for Possible Euro Breakup as Merkel Focuses on Wrong Issues  Demeter   Dec-08-11 08:48 AM   #73 
  - Michael Olenick: Bank of America All In Calling Moynihans Bluff to Bankrupt Countrywide  Demeter   Dec-08-11 08:55 AM   #74 
  - HEADLINES AT FINANCIAL TIMES  Demeter   Dec-08-11 09:13 AM   #75 
  - Corzine Rebuffed Internal Warnings on Risks  Demeter   Dec-08-11 09:14 AM   #76 
  - Rutgers University Working Paper : Categorizing the Unemployed by the Impact of the Recession  Demeter   Dec-08-11 09:18 AM   #78 
  - This survey acts like the impact is "over,"  InkAddict   Dec-08-11 06:14 PM   #95 
  - PPT NOT EVEN TRYING!  Demeter   Dec-08-11 09:21 AM   #81 
  - Is Modern Capitalism Sustainable? Kenneth Rogoff  Demeter   Dec-08-11 09:28 AM   #83 
  - Halliburton stock up almost 2% this morning on heavy volume.  Fuddnik   Dec-08-11 10:02 AM   #85 
     - Ojo.  Ghost Dog   Dec-08-11 12:03 PM   #88 

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