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Longer-term Consequences of the Great Recession on the Lives of Europeans (Hardcover)
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Longer-term Consequences of the Great Recession on the Lives of Europeans (Hardcover)
Series: Fondazione Rodolfo Debendetti Reports
Expected to ship within 12 - 17 working days
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The great recession is changing the way many people live and the
way they perceive their prospects for the near and more distant
future. Its longer term consequences will not be known for some
time, but something can be learned from the effect on individuals
and households who experienced financial hardship. This volume is
the first to use innovative survey data on the lives of Europeans
to investigate the long term impact of financial hardship on
earnings, standards of living, and health. The data provide a
detailed account of the key events that have taken place over the
course of the recession. It compares the well-being of individuals
who were lucky to escape negative shocks to their income or their
circumstances to the less fortunate who may have lost their job,
faced divorce, or serious illness. The wide array of welfare state
and social support provisions across different European countries
adds an important policy angle to the analysis: has the welfare
state, currently under heavy pressure, been able to provide an
adequate safety net in the face of extended periods of financial
difficulties, or has the family instead proven the ultimate source
of support in difficult times?
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