Impacts of financial crisis on social engagement in Hong Kong
While a financial crisis must afflict people financially, its impacts on people's social life are unclear. Essentially, different theories expect different impacts of the financial crisis on people's social engagement. The present study thereby clarifies the effect by examining the experienced impact of the crisis on social engagement, in terms of participation in voluntary association and caring for acquaintances. Data for the study came from a survey of 1170 Hong Kong Chinese adults. Results show that the experienced impact tended to raise the participation, which in turn appeared to encourage the caring. These results support the functional explanation, which holds that the fiscal crisis generates a need for functions of voluntary associations. Meanwhile, the results are at odds with the resource thesis, which expects that the crisis would deprive resources required for social engagement. The results imply that the financial crisis can be a lever to strengthen social engagement.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 41 (2012)
Issue (Month): 5 ()
|Contact details of provider:|| Web page: http://www.elsevier.com/locate/inca/620175|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Edward L. Glaeser & David Laibson & Bruce Sacerdote, 2002. "An Economic Approach to Social Capital," Economic Journal, Royal Economic Society, vol. 112(483), pages 437-458, November.
- Chang, Shu-Sen & Gunnell, David & Sterne, Jonathan A.C. & Lu, Tsung-Hsueh & Cheng, Andrew T.A., 2009. "Was the economic crisis 1997-1998 responsible for rising suicide rates in East/Southeast Asia? A time-trend analysis for Japan, Hong Kong, South Korea, Taiwan, Singapore and Thailand," Social Science & Medicine, Elsevier, vol. 68(7), pages 1322-1331, April.
- Martin Ravallion & Michael Lokshin, 2007. "Lasting Impacts of Indonesiaâ€™s Financial Crisis," Economic Development and Cultural Change, University of Chicago Press, vol. 56, pages 27-56.
- Skoufias, Emmanuel, 2003. "Economic Crises and Natural Disasters: Coping Strategies and Policy Implications," World Development, Elsevier, vol. 31(7), pages 1087-1102, July.
- Hans Skifter Andersen, 2002. "Can Deprived Housing Areas Be Revitalised? Efforts against Segregation and Neighbourhood Decay in Denmark and Europe," Urban Studies, Urban Studies Journal Limited, vol. 39(4), pages 767-790, April.
- Cutler, David M. & Knaul, Felicia & Lozano, Rafael & Mendez, Oscar & Zurita, Beatriz, 2002.
"Financial crisis, health outcomes and ageing: Mexico in the 1980s and 1990s,"
Journal of Public Economics,
Elsevier, vol. 84(2), pages 279-303, May.
- David M. Cutler & Felicia Knaul & Rafael Lozano & Oscar Mendez & Beatriz Zurita, 2000. "Financial Crisis, Health Outcomes and Aging: Mexico in the 1980s and 1990s," NBER Working Papers 7746, National Bureau of Economic Research, Inc.
- Wim Groot & Henriëtte Brink & Bernard Praag, 2007. "The Compensating Income Variation of Social Capital," Social Indicators Research, Springer, vol. 82(2), pages 189-207, June.
- Ana Cristina Fernandes & Andreas Novy, 2010. "Reflections on the Unique Response of Brazil to the Financial Crisis and its Urban Impact," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 34(4), pages 952-966, December.
- Wim Groot & Henriëtte Maassen van den Brink & Bernard M.S. van Praag, 2007.
"The Compensating Income Variation of Social Capital,"
Tinbergen Institute Discussion Papers
07-050/3, Tinbergen Institute.
- Groot, Wim & Maassen van den Brink, Henriette & van Praag, Bernard M. S., 2006. "The Compensating Income Variation of Social Capital," IZA Discussion Papers 2529, Institute for the Study of Labor (IZA).
- Wim Groot & Henriette Maassen van den Brink & Bernard M.S. van Praag, 2007. "The Compensating Income Variation of Social Capital," CESifo Working Paper Series 1889, CESifo Group Munich.
- Edward L. Glaeser & Joshua D. Gottlieb, 2006.
"Urban Resurgence and the Consumer City,"
Harvard Institute of Economic Research Working Papers
2109, Harvard - Institute of Economic Research.
- Jiho Jang, 2003. "Economic Crisis and its Consequences," Social Indicators Research, Springer, vol. 62(1), pages 51-70, April.
- Richard Estes, 2004. "Development Challenges of the "New Europe"," Social Indicators Research, Springer, vol. 69(2), pages 123-166, November.
- Lily M. Hoffman, 2003. "The marketing of diversity in the inner city: tourism and regulation in Harlem," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 27(2), pages 286-299, 06.
When requesting a correction, please mention this item's handle: RePEc:eee:soceco:v:41:y:2012:i:5:p:623-632. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.