IDEAS home Printed from https://ideas.repec.org/a/spr/soinre/v127y2016i1d10.1007_s11205-015-0956-z.html
   My bibliography  Save this article

Perceptions of the Economic Crisis in Europe: Do Adults in Households with Children Feel a Greater Impact?

Author

Listed:
  • Yekaterina Chzhen

    (UNICEF Office of Research)

Abstract

More than 5 years since the outbreak of the global financial crisis, a flurry of evidence is emerging on the effects of the ensuing economic downturn on unemployment and poverty rates in rich countries, but less is known about cross-country differences in subjective assessments of the crisis and whether adults in households with children were affected to a greater extent. This paper investigates differences in the perceived impact of the economic crisis between adults in households with and without children in 17 European countries, using data from the Life in Transition Survey 2010 in a multilevel modelling framework. It also explores differences in the coping strategies that households adopted to deal with the decline in income or economic activity. Everything else being equal, perceptions of the crisis were more widespread in countries with higher rates of child poverty, lower economic growth and lower GDP per capita. Across countries, perceptions of the crisis closely trailed subjective indicators of financial difficulties from other international surveys conducted in 2010. Adults in households with children were more likely to report an impact of the crisis, with larger differences in countries with higher rates of monetary child poverty. Adults in households with children also adopted a greater variety of coping strategies than the rest, prioritizing expenditure on basic necessities, while cutting back on luxuries and holidays. Nevertheless, many still reported reduced consumption of staple foods as a result of economic difficulties.

Suggested Citation

  • Yekaterina Chzhen, 2016. "Perceptions of the Economic Crisis in Europe: Do Adults in Households with Children Feel a Greater Impact?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(1), pages 341-360, May.
  • Handle: RePEc:spr:soinre:v:127:y:2016:i:1:d:10.1007_s11205-015-0956-z
    DOI: 10.1007/s11205-015-0956-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11205-015-0956-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s11205-015-0956-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. Annamaria Lusardi & Daniel Schneider & Peter Tufano, 2011. "Financially Fragile Households: Evidence and Implications," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 42(1 (Spring), pages 83-150.
    2. Dora Gudmundsdottir, 2013. "The Impact of Economic Crisis on Happiness," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 110(3), pages 1083-1101, February.
    3. Goran Holmqvist & Luisa Natali, 2014. "Exploring the Late Impact of the Financial Crisis using Gallup World Poll Data," Papers inwopa728, Innocenti Working Papers.
    4. Joseph Deutsch & Anne-Catherine Guio & Marco Pomati & Jacques Silber, 2015. "Material Deprivation in Europe: Which Expenditures are Curtailed First?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(3), pages 723-740, February.
    5. Jonathan Bradshaw & Yekaterina Chzhen & Gill Main & Bruno Martorano & Leonardo Menchini & Chris De Neubourg, 2012. "Relative Income Poverty among Children in Rich Countries," Papers inwopa655, Innocenti Working Papers.
    6. Yekaterina Chzhen, 2014. "Child Poverty and Material Deprivation in the European Union during the Great Recession," Papers inwopa723, Innocenti Working Papers.
    7. Bruno Martorano, 2014. "The Consequences of the Recent Economic Crisis and Government Reactions for Children," Papers inwopa722, Innocenti Working Papers.
    8. Luisa Natali & Bruno Martorano & Sudhanshu Handa & Goran Holmqvist & Yekaterina Chzhen, 2014. "Trends in Child Well-being in EU Countries during the Great Recession: A cross-country comparative perspective," Papers inwopa730, Innocenti Working Papers.
    9. Ronald Mendoza, 2009. "Aggregate Shocks, Poor Household and Children: Transmission Channels and Policy Responses," Working papers 0901, UNICEF,Division of Policy and Strategy.
    10. Mattias Lundberg & Alice Wuermli, 2012. "Children and Youth in Crisis : Protecting and Promoting Human Development in Times of Economic Shocks," World Bank Publications, The World Bank, number 9374, December.
    11. Bidani, Benu & Fatou Diagne, Mame & Zaidi, Salman, 2012. "Subjective perceptions of the impact of the global economic crisis in Europe and Central Asia : the household perspective," Policy Research Working Paper Series 5995, The World Bank.
    12. John Helliwell & Haifang Huang & Shun Wang, 2014. "Social Capital and Well-Being in Times of Crisis," Journal of Happiness Studies, Springer, vol. 15(1), pages 145-162, February.
    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. Elena Bárcena-Martín & M. Carmen Blanco-Arana & Salvador Pérez-Moreno, 2017. "Dynamics of child poverty in the European countries," Working Papers 437, ECINEQ, Society for the Study of Economic Inequality.
    2. Nguyen, Jessica & Dinh, Tue & Selart, Marcus, 2020. "The predicting abilities of social trust and good governance on economic crisis duration," SocArXiv bjkpd, Center for Open Science.
    3. Seles, Bruno Michel Roman Pais & Lopes de Sousa Jabbour, Ana Beatriz & Jabbour, Charbel Jose Chiappetta & Latan, Hengky & Roubaud, David, 2019. "Do Environmental Practices Improve Business Performance Even in an Economic Crisis? Extending the Win-Win Perspective," Ecological Economics, Elsevier, vol. 163(C), pages 189-204.

    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. Luisa Natali & Bruno Martorano & Sudhanshu Handa & Goran Holmqvist & Yekaterina Chzhen, 2014. "Trends in Child Well-being in EU Countries during the Great Recession: A cross-country comparative perspective," Papers inwopa730, Innocenti Working Papers.
    2. Michiel Slag & Martijn J. Burger & Ruut Veenhoven, 2019. "Did the Easterlin Paradox apply in South Korea between 1980 and 2015? A case study," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 66(4), pages 325-351, December.
    3. Gregor Gonza & Anže Burger, 2017. "Subjective Well-Being During the 2008 Economic Crisis: Identification of Mediating and Moderating Factors," Journal of Happiness Studies, Springer, vol. 18(6), pages 1763-1797, December.
    4. John F. Helliwell & Lara B. Aknin & Hugh Shiplett & Haifang Huang & Shun Wang, 2017. "Social Capital and Prosocial Behaviour as Sources of Well-Being," NBER Working Papers 23761, National Bureau of Economic Research, Inc.
    5. Bruno Martorano, 2014. "The Consequences of the Recent Economic Crisis and Government Reactions for Children," Papers inwopa722, Innocenti Working Papers.
    6. Tausch, Arno, 2015. "Wo Frau Kanzlerin Angela Merkel irrt: Der Sozialschutz in der Welt, der Anteil Europas und die Beurteilung seiner Effizienz [Where Chancellor Angela Merkel got it wrong: social protection in the wo," MPRA Paper 66462, University Library of Munich, Germany.
    7. Kolbeinn Hólmar Stefánsson & Lovísa Arnardóttir & Anton Örn Karlsson, 2018. "Children‘s Deprivation and Economic Vulnerability in Iceland 2009 and 2014," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 11(3), pages 783-803, June.
    8. Knut Halvorsen, 2016. "Economic, Financial, and Political Crisis and Well-Being in the PIGS-Countries," SAGE Open, , vol. 6(4), pages 21582440166, December.
    9. Jehane Simona-Moussa & Laura Ravazzini, 2019. "From One Recession to Another: Longitudinal Impacts on the Quality of Life of Vulnerable Groups," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(3), pages 1129-1152, April.
    10. Bruno Martorano, 2014. "Is it possible to adjust ‘with a human face’? Differences in fiscal consolidation strategies between Hungary and Iceland," Papers inwopa719, Innocenti Working Papers.
    11. Ilari Ilmakunnas & Lauri Mäkinen, 2021. "Age Differences in Material Deprivation in Finland: How do Consensus and Prevalence-Based Weighting Approaches Change the Picture?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(2), pages 393-412, April.
    12. Margaret Miller & Julia Reichelstein & Christian Salas & Bilal Zia, 2015. "Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature," World Bank Research Observer, World Bank Group, vol. 30(2), pages 220-246.
    13. Williams Paul F., 2019. "Really Rethinking Financial Reporting: A Discussion of Rethinking Financial Reporting: Standards, Norms and Institutions by Shyam Sunder," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 9(2), pages 1-8, July.
    14. Filiz-Ozbay, Emel & Guryan, Jonathan & Hyndman, Kyle & Kearney, Melissa & Ozbay, Erkut Y., 2015. "Do lottery payments induce savings behavior? Evidence from the lab," Journal of Public Economics, Elsevier, vol. 126(C), pages 1-24.
    15. Sowmya Dhanaraj & Christy Mariya Paul & Smit Gade, 2019. "Household income dynamics and investment in children: Evidence from India," Education Economics, Taylor & Francis Journals, vol. 27(5), pages 507-520, September.
    16. Antoanneta Potsi & Antonella D’Agostino & Caterina Giusti & Linda Porciani, 2016. "Childhood and capability deprivation in Italy: a multidimensional and fuzzy set approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(6), pages 2571-2590, November.
    17. Isabel Ortiz & Matthew Cummins, 2011. "Global Inequality: Beyond the Bottom Billion – A Rapid Review of Income Distribution in 141 Countries," Working papers 1102, UNICEF,Division of Policy and Strategy.
    18. Chris De Neubourg & Jingqing Chai & Marlous de Milliano & Ilze Plavgo, 2013. "Step-by-Step Guidelines to the Multiple Overlapping Deprivation Analysis (MODA)," Papers inwopa695, Innocenti Working Papers.
    19. Cader, Azra Abdul & Perera, Lakwimashi, 2011. "Understanding the Impact of the Economic Crisis on Child and Maternal Health among the Poor: Opportunities for South Asia," ADBI Working Papers 293, Asian Development Bank Institute.
    20. Hermansson, Cecilia, 2018. "Can self-assessed financial risk measures explain and predict bank customers’ objective financial risk?," Journal of Economic Behavior & Organization, Elsevier, vol. 148(C), pages 226-240.

    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:spr:soinre:v:127:y:2016:i:1:d:10.1007_s11205-015-0956-z. 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: . General contact details of provider: http://www.springer.com .

    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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.