Longer-term Consequences of the Great Recession on the Lives of Europeans
Series: Fondazione Rodolfo Debendetti Reports;
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54 180 Ft
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Product details:
- Publisher OUP Oxford
- Date of Publication 15 May 2014
- ISBN 9780198708711
- Binding Hardback
- No. of pages204 pages
- Size 240x163x19 mm
- Weight 464 g
- Language English
- Illustrations Figures and Tables 0
Categories
Short description:
The book uses new survey data on the lives of Europeans to investigate the likely long term impact of the great recession on individual earnings, standards of living, and health.
MoreLong description:
The great recession is changing the way many people live and the way they perceive their prospects for the near and more distant future. Its longer term consequences will not be known for some time, but something can be learned from the effect on individuals and households who experienced financial hardship. This volume is the first to use innovative survey data on the lives of Europeans to investigate the long term impact of financial hardship on earnings, standards of living, and health. The data provide a detailed account of the key events that have taken place over the course of the recession. It compares the well-being of individuals who were lucky to escape negative shocks to their income or their circumstances to the less fortunate who may have lost their job, faced divorce, or serious illness. The wide array of welfare state and social support provisions across different European countries adds an important policy angle to the analysis: has the welfare state, currently under heavy pressure, been able to provide an adequate safety net in the face of extended periods of financial difficulties, or has the family instead proven the ultimate source of support in difficult times?
MoreTable of Contents:
Introduction
Anatomy of Financial Hardship
The Consequences of Financial Hardship and Recessions on Income and Welfare
Characterizing Income Shocks and their Transmission to Household Consumption
Conclusions
