Corpus ID: 152833790

Great recession and U.S. consumers' bulimia: deep causes and possible ways out

  title={Great recession and U.S. consumers' bulimia: deep causes and possible ways out},
  author={Stefano Bartolini and Luigi Bonatti and Francesco Sarracino},
This paper attempts to shed light on some aspects of the U.S. consumers?apparent bulimia that was at the origin of the recent global crisis. We seek to show how different characteristics of the American society and economy, which are usually considered separately, are consistently related to such a multifaceted phenomenon. Hence, we illustrate some structural features of the U.S. economy and public policies that may contribute to create a difference, in terms of patterns of consumption and… Expand


Money, Sociability and Happiness: Are Developed Countries Doomed to Social Erosion and Unhappiness?
Discovering whether social capital endowments in modern societies have been subjected or not to a process of gradual erosion is one of the most debated topics in recent economic literature.Expand
Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox
The “Easterlin paradox” suggests that there is no link between a society’s economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanningExpand
Global Rebalancing and the Future of the Sino-US Codependency
The crisis of 2008 has shown the unsustainability of the global imbalances centered on the US-China symbiotic relationship that characterized the previous decade. This has revived the so-calledExpand
The Spirit Level: Why More Equal Societies Almost Always Do Better
Ever since the earliest analyses of leisure, concern has been expressed about inequalities of opportunity, access and participation. The most recent manifestation of this concern has been theExpand
Bowling alone: the collapse and revival of American community
  • R. Putnam
  • Sociology, Computer Science
  • CSCW '00
  • 2000
Drawing on evidence that includes nearly half a million interviews conducted over a quarter of a century in America, Putnam shows how changes in work, family structure, age, suburban life, television, computers, women's roles and other factors are isolating Americans from each other in a trend whose reflection can clearly be seen in British society. Expand
Guard Labor
We explore the economic importance of the private and public exercise of power in the execution of contracts and defense of property rights. We define power and represent it in a model of growth in aExpand
Is growth obsolete
A long decade ago economic growth was the reigning fashion of political economy. It was simultaneously the hottest subject of economic theory and research, a slogan eagerly claimed by politicians ofExpand
Trends in U.S. Wage Inequality: Revising the Revisionists
A recent revisionist literature characterizes the pronounced rise in U.S. wage inequality since 1980 as an episodic event of the first half of the 1980s driven by nonmarket factors (particularly aExpand
Why Doesn&Apos;T the Us Have a European-Style Welfare System?
European countries are much more generous to the poor relative to the US level of generosity. Economic models suggest that redistribution is a function of the variance and skewness of the pre-taxExpand
The Spirit Level: Why More Equal Societies Almost Always Do Better
Large inequalities of income in a society have often been regarded as divisive and corrosive, and it is common knowledge that in rich societies the poor have shorter lives and suffer more from almostExpand