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The impact of the Great Recession on Generation X.
Longitudinal and Life Course Studies ( IF 1.122 ) Pub Date : 2019-04-01 , DOI: 10.1332/175795919x15514456677303
Jon D Miller 1 , Claire Cepuran 1
Affiliation  

For people born in the 1960s and 1970s, sometimes known as Generation X, the Great Recession (GR) was the first major economic downturn that they have experienced. Using the 30+ year record of the Longitudinal Study of American Life (LSAL), this analysis examines the economic impact of the GR on an American cohort born in 1972-75 who were in their mid-40s in 2019. A confirmatory factor analysis index was constructed to summarise the economic experience of each LSAL participant in the period from 2007 (the eve of the GR) through 2014. Most of the LSAL participants did not experience negative economic consequences, but a significant subset of participants experienced substantial negative effects. A structural equation model (SEM) was used to estimate the relative influence of several educational and family variables on the nature and magnitude of the GR on employment and related economic issues. Educational attainment was the strongest predictor of the economic impact of the GR on individuals. The educational attainment of the parents of LSAL participants was the second strongest predictor, indicating the inherited advantages of social class. The impact of the GR on participants was unrelated to gender, but African-Americans were more likely to experience negative economic consequences from the GR than other young adults, holding constant differences in educational attainment, parent education attainment and other factors.

中文翻译:

大萧条对第十代的影响。

对于1960年代和1970年代出生的人(有时也称为X世代)来说,大萧条(GR)是他们经历的第一个重大经济衰退。使用美国生命纵向研究(LSAL)30多年的记录,该分析研究了遗传资源对1972-75年出生的美国队列的经济影响,该队列于2019年处于40岁左右。旨在总结每个LSAL参与者从2007年(GR的前夕)到2014年的经济经验。大多数LSAL参与者没有遭受负面的经济影响,但是很大一部分参与者经历了重大的负面影响。使用结构方程模型(SEM)来估计一些教育和家庭变量对遗传资源的性质和规模对就业和相关经济问题的相对影响。受教育程度是遗传资源对个人经济影响的最强预测指标。LSAL参与者的父母的受教育程度是第二强的预测指标,表明了社会阶层的继承优势。遗传资源对参与者的影响与性别无关,但是非裔美国人比其他年轻人更容易遭受遗传资源的负面经济影响,在教育程度,父母受教育程度和其他因素上一直存在差异。受教育程度是遗传资源对个人经济影响的最强预测指标。LSAL参与者的父母的受教育程度是第二强的预测指标,表明了社会阶层的继承优势。遗传资源对参与者的影响与性别无关,但是非裔美国人比其他年轻人更容易遭受遗传资源的负面经济影响,在教育程度,父母受教育程度和其他因素上一直存在差异。受教育程度是遗传资源对个人经济影响的最强预测指标。LSAL参与者的父母的受教育程度是第二强的预测指标,表明了社会阶层的继承优势。遗传资源对参与者的影响与性别无关,但是非裔美国人比其他年轻人更容易遭受遗传资源的负面经济影响,在教育程度,父母受教育程度和其他因素上一直存在差异。
更新日期:2019-04-01
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