Economic Perspectives
First Quarter, 2013 Edition
Unemployment among Recent Veterans during the Great Recession
The authors find that prolonged deployments overseas account for much of the difference in unemployment rates between recent veterans and nonveterans during the Great Recession.
Expected Income Growth and the Great Recession
Eric French, Taylor Kelley, An Qi
Consumers’ expected income growth declined significantly during the Great Recession. It was the most severe drop ever observed in these data, and expectations have not yet fully recovered. Furthermore, this article shows that expected income growth is a strong predictor of actual future income and consumption growth.
