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The Impact of Financial Crisis on University Students in Greece

Author

Listed:
  • Albertos Azaria

    (International Hellenic University)

  • George Karavasilis

    (International Hellenic University)

  • Evangelos Kehris

    (International Hellenic University, Greece)

  • Vasiliki Vrana

    (Vasiliki Vrana)

Abstract

The ongoing financial crisis in Greece has significant negative impact on almost all aspects of socio-economic life. The paper aims at investigating the impact of the financial crisis on students studying at the Technological Educational Institute of Central Macedonia **(TEICM), Greece. A research study was conducted and the results revealed the following: on the one hand, increased effect of the financial crisis on a) students' life, in general, and b) students' decision to acquire higher qualifications than the Bachelor's degree from TEICM, and, on the other hand, moderate effect of the financial crisis on issues regarding i) university studies, and ii) students' career prospects.

Suggested Citation

  • Albertos Azaria & George Karavasilis & Evangelos Kehris & Vasiliki Vrana, 2019. "The Impact of Financial Crisis on University Students in Greece," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 17(2), pages 193-219.
    • Handle: RePEc:seb:journl:v:17:y:2019:i:2:p:193-219
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    File URL: http://www.asecu.gr/old_files/Seeje/issue33/issue33-azaria-karavasilis-kehris-vrana.pdf
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    References listed on IDEAS

    as
    1. Ifanti, Amalia A. & Argyriou, Andreas A. & Kalofonou, Foteini H. & Kalofonos, Haralabos P., 2013. "Financial crisis and austerity measures in Greece: Their impact on health promotion policies and public health care," Health Policy, Elsevier, vol. 113(1), pages 8-12.
    2. Manos Matsaganis & Chrysa Leventi, 2011. "The distributional impact of the crisis in Greece," DEOS Working Papers 1124, Athens University of Economics and Business.
    3. Xeni Dassiou, 2015. "Greece in Economic Crisis: The Case of Health and Education," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 84(3), pages 145-164.
    4. Goulas, Sofoklis & Megalokonomou, Rigissa, 2015. "The Financial Crisis and the Choice of College Major," MPRA Paper 66001, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial crisis; Greece; Education; Students' buying behaviour; Students' career prospects; Students' employment; Educational outcomes;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • I20 - Health, Education, and Welfare - - Education - - - General
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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