• 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… 


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.
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 spanning
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-called
Bowling alone: the collapse and revival of American community
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.
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 the
Guard Labor
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 of
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 a
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-tax
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 almost