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I1

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Published Quarterly Journal of Economics Online 15 May 2025 Published Jul 2025
Lives Versus Livelihoods: The Impact of the Great Recession on Mortality and Welfare

Amy Finkelstein · Matthew J Notowidigdo · Frank Schilbach · Jonathan Zhang

Does the Great Recession reduce or increase mortality, and what are the welfare implications of incorporating recession-induced mortality changes into standard macroeconomic welfare frameworks?