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Psychological Effects of Economic and Financial Crises on the Behaviour and Mental Health of Individuals

Author

Listed:
  • Mionel Oana

    ("Dimitrie Cantemir" Christian University Faculty of International Economic Relations)

  • Moraru Alexandra

    ("Dimitrie Cantemir" Christian University Faculty of International Economic Relations)

Abstract

The present paper brings forward the psychological effects of the financial and economic crisis upon individuals. Following the empirical research as well as the specific literature, we discovered that the greatest psychological effect of the financial crisis upon individuals is created by the financial stress. Moreover, the study shows that the financial stress, as a psychological effect of the financial crisis, is associated with the fear of not being able to accomplish the financial needs, the impossibility to have a high standard of living, a lower self-respect and the withdrawal form former social groups.

Suggested Citation

  • Mionel Oana & Moraru Alexandra, 2012. "Psychological Effects of Economic and Financial Crises on the Behaviour and Mental Health of Individuals," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 57-61, Decembre.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:57-61
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    More about this item

    Keywords

    psychological effects; financial and economic crisis; behaviour; financial stress; mental health.;
    All these keywords.

    JEL classification:

    • F - International Economics

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