Recessions, it would seem, help us stay fitter, and live longer.
The new paper, along with other research into recessions, provides an important reminder that economic growth isn't — and shouldn't be — the only measure of our collective well-being.
If recessions save lives, that comes with a corollary: Boom times cost lives.
Sure, economic growth provides jobs.
If the new research tells us anything, it's that we still have a long way to go in striking a healthy balance between economic growth and social welfare.
Persons:
grads, Amy Finkelstein, didn't, that's, Aki Ito
Organizations:
Business
Locations:
Japan, San Francisco