IDEAS home Printed from https://ideas.repec.org/a/oup/geronb/v71y2016i4p734-744..html
   My bibliography  Save this article

Responses to Financial Loss During the Great Recession: An Examination of Sense of Control in Late Midlife

Author

Listed:
  • Shannon T. Mejía
  • Richard A. Settersten
  • Michelle C. Odden
  • Karen Hooker

Abstract

Objectives. The "Great Recession" shocked the primary institutions that help individuals and families meet their needs and plan for the future. This study examines middle-aged adults’ experiences of financial loss and considers how socioeconomic and interpersonal resources facilitate or hinder maintaining a sense of control in the face of economic uncertainty.

Suggested Citation

  • Shannon T. Mejía & Richard A. Settersten & Michelle C. Odden & Karen Hooker, 2016. "Responses to Financial Loss During the Great Recession: An Examination of Sense of Control in Late Midlife," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 71(4), pages 734-744.
    • Handle: RePEc:oup:geronb:v:71:y:2016:i:4:p:734-744.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/geronb/gbv054
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Rajashri Chakrabarti & Donghoon Lee & Wilbert van der Klaauw & Basit Zafar, 2013. "Household Debt and Saving during the 2007 Recession," NBER Chapters, in: Measuring Wealth and Financial Intermediation and Their Links to the Real Economy, pages 273-322, National Bureau of Economic Research, Inc.
    2. repec:pri:indrel:dsp01kw52j8087 is not listed on IDEAS
    3. Henry S. Farber, 2011. "Job Loss in the Great Recession: Historial Perspective from the Displaced Workers Survey, 1984-2010," Working Papers 1309, Princeton University, Department of Economics, Industrial Relations Section..
    4. Kevin B. Moore & Michael G. Palumbo, 2010. "The finances of American households in the past three recessions: evidence from the Survey of Consumer Finances," Finance and Economics Discussion Series 2010-06, Board of Governors of the Federal Reserve System (U.S.).
    5. Henry S. Farber, 2011. "Job Loss in the Great Recession: Historical Perspective from the Displaced Workers Survey, 1984-2010," NBER Working Papers 17040, National Bureau of Economic Research, Inc.
    6. Farber, Henry S, 2011. "Job Loss in the Great Recession: Historical Perspective from the Displaced Workers Survey, 1984-2010," IZA Discussion Papers 5696, Institute of Labor Economics (IZA).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Belén Sanz-Barbero & Ana Rico Gómez & Alba Ayala & Patricia Recio & Encarnación Sarriá & Manuel Díaz-Olalla & María Victoria Zunzunegui, 2020. "Impact of self-reported bank fraud on self-rated health, comorbidity and pain," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 65(2), pages 165-174, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alan L. Gustman & Thomas L. Steinmeier & Nahid Tabatabai, 2011. "How Did the Recession of 2007-2009 Affect the Wealth and Retirement of the Near Retirement Age Population in the Health and Retirement Study?," Working Papers wp253, University of Michigan, Michigan Retirement Research Center.
    2. Jessamyn Schaller & Mariana Zerpa, 2019. "Short-Run Effects of Parental Job Loss on Child Health," American Journal of Health Economics, MIT Press, vol. 5(1), pages 8-41, Winter.
    3. Modestino, Alicia Sasser & Dennett, Julia, 2013. "Are American homeowners locked into their houses? The impact of housing market conditions on state-to-state migration," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 322-337.
    4. Nucci, Francesco & Riggi, Marianna, 2018. "Labor force participation, wage rigidities, and inflation," Journal of Macroeconomics, Elsevier, vol. 55(C), pages 274-292.
    5. Lei Fang & Jun Nie, 2014. "Human capital dynamics and the U.S. labor market," Research Working Paper RWP 13-10, Federal Reserve Bank of Kansas City.
    6. Dickens William T. & Triest Robert K., 2012. "Potential Effects of the Great Recession on the U.S. Labor Market," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(3), pages 1-41, October.
    7. Pallab Kumar Ghosh, 2018. "The Short-Run Effects of the Great Recession on Crime," Journal of Economics, Race, and Policy, Springer, vol. 1(2), pages 92-111, September.
    8. Lane Kenworthy & Timothy Smeeding, 2013. "GINI Country Report: Growing Inequalities and their Impacts in the United States," GINI Country Reports united_states, AIAS, Amsterdam Institute for Advanced Labour Studies.
    9. Alexandra Tsvetkova & Mark Partridge & Michael Betz, 2017. "Entrepreneurial and Employment Responses to Economic Conditions across the Rural-Urban Continuum," The ANNALS of the American Academy of Political and Social Science, , vol. 672(1), pages 83-102, July.
    10. repec:ces:ifodic:v:13:y:2015:i:2:p:19166282 is not listed on IDEAS
    11. Douglas A. Webber, 2018. "Employment Adjustment Over the Business Cycle: The Impact of Competition in the Labor Market," DETU Working Papers 1806, Department of Economics, Temple University.
    12. Younghwan Song, 2018. "Job displacement and subjective well-being: findings from the American Time Use Survey Well-Being Modules," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 52(1), pages 1-13, December.
    13. Christopher Roth & Johannes Wohlfart, 2020. "How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior?," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 731-748, October.
    14. Mauricio Bugarin & Yasushi Hazama, 2014. "Consumer economic confidence and preference for redistribution: Main equilibrium results," Economics Bulletin, AccessEcon, vol. 34(3), pages 2002-2009.
    15. Murmann, Martin, 2017. "The Growth and Human Capital Structure of New Firms over the Business Cycle," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168290, Verein für Socialpolitik / German Economic Association.
    16. Richard B. Freeman, 2013. "Failing the Test? The Flexible U.S. Job Market in the Great Recession," The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 78-97, November.
    17. Tsvetkova, Alexandra & Partridge, Mark & Betz, Micael, 2016. "Entrepreneurial and Wage and Salary Employment Response to Economic Conditions Across the Rural-Urban Continuum," MPRA Paper 75781, University Library of Munich, Germany.
    18. Susan Athey & Lisa K. Simon & Oskar N. Skans & Johan Vikstrom & Yaroslav Yakymovych, 2023. "The Heterogeneous Earnings Impact of Job Loss Across Workers, Establishments, and Markets," Papers 2307.06684, arXiv.org, revised Feb 2024.
    19. Ruiz-Valenzuela, Jenifer, 2015. "Job loss at home: children’s school performanceduring the Great Recession in Spain," LSE Research Online Documents on Economics 63804, London School of Economics and Political Science, LSE Library.
    20. Guillermo A. Calvo & Fabrizio Coricelli & Pablo Ottonello, 2012. "Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries," NBER Working Papers 18480, National Bureau of Economic Research, Inc.
    21. Hilary Hoynes & Douglas L. Miller & Jessamyn Schaller, 2012. "Who Suffers during Recessions?," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 27-48, Summer.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:geronb:v:71:y:2016:i:4:p:734-744.. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/psychsocgerontology .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.