Longer-term Consequences of the Great Recession on the Lives of Europeans

Hardcover | June 15, 2014

EditorAgar Brugiavini, Guglielmo Weber

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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 experiencedfinancial 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 ofthe 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 financialdifficulties, or has the family instead proven the ultimate source of support in difficult times?

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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 experiencedfinancial hardship. This volume is the first to ...

Agar Brugiavini is Professor of Economics at Ca' Foscari University of Venice. She is Director of the Ca' Foscari International College and Dean of the Venice International University -VIU. She is an International Research Fellow of the Institute for Fiscal Studies (IFS), London. She holds a Ph.D. in Economics from the London School o...

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Format:HardcoverDimensions:176 pages, 9.21 × 6.14 × 0.98 inPublished:June 15, 2014Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198708718

ISBN - 13:9780198708711

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Table of Contents

Agar Brugiavini and Guglielmo Weber: Introduction1. Olympia Bover, Agar Brugiavini and Guglielmo Weber: Anatomy of Financial Hardship2. Orazio Attanasio, Agar Brugiavini, Elisabetta Trevisan and Guglielmo Weber: The Consequences of Financial Hardship and Recessions on Income and Welfare3. Orazio Attanasio, Margherita Borella and Torben Heien Nielsen: Characterizing Income Shocks and their Transmission to Household Consumption4. Agar Brugiavini and Guglielmo Weber: Conclusions