Longer-term consequences of the great recession on the lives of Europeans / edited by Agar Brugiavini and, Guglielmo Weber.

Format:

Book

Contributor:

Brugiavini, Agar, editor.

Weber, Guglielmo, 1958- editor.

Series:

Reports for the Fondazione Rodolfo Debenedetti

Language:

English

Subjects (All):

Recessions--Europe.

Recessions.

Global Financial Crisis, 2008-2009--Congresses.

Global Financial Crisis, 2008-2009.

Economic conditions.

Europe--Economic conditions.

Europe.

Europe--Economic conditions--21st century--Congresses.

Genre:

Conference papers and proceedings.

Physical Description:

xv, 187 pages : illustrations (black and white) ; 24 cm.

Edition:

First edition.

Place of Publication:

Oxford : Oxford University Press, 2014.

Summary:

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 have 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 their lives. 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? Book jacket.

Contents:

Machine generated contents note: 1.Anatomy of Financial Hardship / Guglielmo Weber

2.The Consequences of Financial Hardship (and Recessions) on Income and Welfare / Guglielmo Weber

3.Characterizing Income Shocks and their Transmission to Household Consumption / Torben Heien Nielsen

4.Conclusions / Guglielmo Weber.

Notes:

Includes bibliographical references and index.

ISBN:

9780198708711

0198708718

OCLC:

886644356

Publisher Number:

60001918780