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The impact of the economic crisis on poverty and welfare in Athens

Author

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  • Anastasia PANORI

    (Dept. of Economic and Regional Development, Panteion University of Social and Political Sciences, Athens, Greece)

  • Yannis PSYCHARIS

    (Dept. of Economic and Regional Development, Panteion University of Social and Political Sciences, Athens, Greece)

Abstract

This paper sets out to estimate the impact of the recent economic crisis and austerity measures on income and welfare conditions across municipalities in the Athens metropolitan area. Using data from a unique dataset, which incorporates economic, social and demographic variables for the Athenian municipalities, we illustrate the evolution of three main socio-economic indicators within Athens: mean equivalised income; at-risk-of-poverty rates; and material deprivation. The dataset covers a 12-year period, starting from 2004 and moving on to 2015, including the transition of a prospering economy to a vicious cycle of economic recession. Analysis of the results indicates that the economic crisis has had a tremendous impact on welfare condi-tions across the metropolitan area of Athens. At-risk-of-poverty rates have increased, and welfare conditions have deteriorated substantially. Moreover, the least well-off areas have shown an increased vulnerability to crisis, thus leading to enlarged in-come and welfare inequality, as well as social polarization across space. However, the ranking of municipalities throughout this whole study-period remains relatively stable, strengthening the hypothesis that social phenomena show high persistence over time.

Suggested Citation

  • Anastasia PANORI & Yannis PSYCHARIS, 2018. "The impact of the economic crisis on poverty and welfare in Athens," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 48, pages 23-40.
  • Handle: RePEc:tou:journl:v:48:y:2018:p:23-40
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    References listed on IDEAS

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    Cited by:

    1. Kaplanoglou, Georgia, 2022. "Consumption inequality and poverty in Greece: Evidence and lessons from a decade-long crisis," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 244-261.
    2. Margherita Carlucci & Sabato Vinci & Giuseppe Ricciardo Lamonica & Luca Salvati, 2022. "Socio-spatial Disparities and the Crisis: Swimming Pools as a Proxy of Class Segregation in Athens," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 161(2), pages 937-961, June.
    3. Agnieszka Sompolska-Rzechuła & Agnieszka Kurdyś-Kujawska, 2022. "Assessment of the Development of Poverty in EU Countries," IJERPH, MDPI, vol. 19(7), pages 1-18, March.
    4. Yannis Psycharis & Anastasia Panori & Dimitrios Athanasopoulos, 2022. "Public Investment and Regional Resilience: Empirical Evidence from the Greek Regions," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 113(1), pages 57-79, February.

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    More about this item

    Keywords

    Economic crisis; Poverty; Income disparities; Austerity measures; Urban analysis; Athens;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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