Economic insecurity and political stability: a case for growth-targeting systemic vote

2019 ◽  
Vol 72 (3) ◽  
pp. 829-862
Author(s):  
Konstantinos Matakos ◽  
Dimitrios Xefteris
Keyword(s):  
Great Recession ◽  
Positive Relationship ◽  
Political Stability ◽  
Democratic Politics ◽  
Economic Fluctuations ◽  
Economic Insecurity ◽  
Economic Prosperity ◽  
The Great Recession ◽  
Electoral Support ◽  
Strong Positive Relationship

Abstract In this paper, we focus on the years before the Great Recession (1960–2007) and, after addressing possible issues of endogeneity, we study the effects of economic fluctuations on political stability. We find that when the economy is not in turmoil, there is a strong positive relationship between unemployment (i.e the major macroeconomic determinant of economic insecurity) and electoral support for systemic parties (i.e. parties with a serious aspiration to governing). That is, democratic politics respond to increasing economic insecurity by enhancing the prospects of political stability and, consequently, economic prosperity and growth.

scholarly journals HANDMADE HUSTLE: ETSY, WHITENESS, AND GENDERED PRECARITY

2021 ◽  
Author(s):  
Jacqueline Elizabeth Johnson
Keyword(s):  
Great Recession ◽  
White Women ◽  
Media Culture ◽  
Critical Discourse ◽  
Female Empowerment ◽  
Economic Insecurity ◽  
The Great Recession ◽  
Black Vernacular ◽  
Labor Dynamics ◽  
Published Research

Since the e-commerce site’s launch in 2005, Etsy has branded itself as a platform for individuals to buy and sell unique, handmade, and vintage items. This project is interested in questions about gender, race, labor, and platforms and seeks to examine how Etsy articulates new formations of raced and gendered labor directly tied to The Great Recession. While scholars have analyzed Etsy’s relationship to historic craft movements (Krugh 2014; Luckman 2013) and to fan handicrafting (Cherry 2016), there is still relatively little published research on the platform. Situating Etsy within the literature on postfeminism and media culture (Gill 2007; McRobbie 2004), gender and passionate work (Duffy 2016; Duffy 2017; McRobbie 2018), and race and digital hustle economies (McMillan Cottom 2020), I analyze products sold on Etsy that rhetorically engage gendered labor dynamics and precarity through the language of hustling or entrepreneurship in ways that center white femininities. Utilizing a cultural studies framing and critical discourse and textual analysis, I identify three main threads: 1) White women on the platform have co-opted Black vernacular to address how economic insecurity has pushed them into gig labor 2) These products romanticize precarity by positioning feminized grit and individualized solutions to macro economic hurdles as female empowerment 3) The products discursively frame entrepreneurship as aspirational, liberatory, and, most centrally, compatible with white, domestic femininities. While hustling, and its new, white appearance, is celebrated on Etsy, we must be mindful of how hustling is always raced, gendered, and precarious.

Economic Insecurity and Family Well-Being

2015 ◽  
Author(s):  
Janice Berry-Edwards
Keyword(s):  
Great Recession ◽  
Well Being ◽  
Economic Security ◽  
Economic Insecurity ◽  
The Great Recession ◽  
The Family ◽  
American Society ◽  
Multiple Strains ◽  
The Impact

Economic insecurity and family Well-Being is a growing concern for American society. With the dramatic changes that occurred following the “great recession” of 2008, and the lingering effects since, families have experienced stressors and multiple strains in their adjustment to the impact of the changing fiscal climate and their financial demands. To understand the experience of economic insecurity, an understanding of economic security is helpful in providing a context for how these two dynamics emanate and impact families and their Well-Being. This article provides a glimpse of how the fragility of the economy and the mental tax experienced by the family are inextricably interdependent and connected.

Does overconfidence pay off when things go well? CEO overconfidence, firm performance, and the business cycle

2020 ◽  
pp. 147612702093065
Author(s):  
Tomas Reyes ◽  
Roberto S Vassolo ◽  
Edgar E Kausel ◽  
Diamela Peña Torres ◽  
Stephen Zhang
Keyword(s):  
Firm Performance ◽  
Business Cycle ◽  
Great Recession ◽  
Positive Relationship ◽  
Positive Impact ◽  
Return On Equity ◽  
The Great Recession ◽  
The Business Cycle ◽  
Positive Effect ◽  
Dot Com

We investigate the moderating effect of the business cycle on the positive relationship between CEO overconfidence and firm performance. We propose that the expansion years of the business cycle enhance the positive impact of overconfident CEOs on firms’ performance. However, this effect is reduced during recession periods. We analyze the effect of CEO overconfidence on the Return on Equity of publicly listed US firms from 1992 to 2015, a period that includes the bursting of the dot-com bubble in 2001 and the Great Recession of 2008–2009. The empirical findings support the hypotheses that expansion periods increase the positive relationship between overconfident CEOs and firms’ performance, but this positive effect weakens during recessions.

“This Was Not Supposed to Happen!”

Populism ◽  
2020 ◽  
Vol 3 (1) ◽  
pp. 65-86 ◽  
Author(s):  
Philip Giurlando
Keyword(s):  
Great Recession ◽  
Debt Crisis ◽  
The Political ◽  
Political Movements ◽  
Economic Insecurity ◽  
Subjective Impression ◽  
The Great Recession ◽  
Large Numbers ◽  
Political Realm ◽  
National Control

Abstract This paper argues that the “feeling of betrayal” thoroughly entangles feeling and narration into a single subjective impression. When felt by large numbers of citizens in the political realm, it motivates the desire to reassert national control over a realm where such control is perceived to have been lost. Expressions of “feeling betrayed” can be observed in the aftermath of the Great Recession and the consequent populist insurgencies impacting many Western countries, suggesting links between economic insecurity, feelings of betrayal, and the willingness to support non-mainstream political movements which demand a reassertion of national control. The paper attempts to demonstrate these links by analyzing Italy and Greece, two countries which saw a surge in support for populist groups after the Eurozone’s debt crisis.

Is there a link between cardiovascular mortality and economic fluctuations?

2020 ◽  
Vol 48 (7) ◽  
pp. 770-780 ◽  
Author(s):  
Iman Dadgar ◽  
Thor Norström
Keyword(s):  
Heart Disease ◽  
Welfare State ◽  
Great Recession ◽  
Time Series Data ◽  
Economic Fluctuations ◽  
Series Data ◽  
The Great Recession ◽  
Disease Mortality ◽  
Welfare State Regimes ◽  
The Impact

Background: Unemployment might affect several risk factors of cardiovascular disease (CVD), which is the leading cause of death globally. The characterisation of the relation between these two phenomena is thus of great significance from a public-health perspective. The main aim of this study was to estimate the association between the unemployment rate and mortality from CVD and from coronary heart disease (CHD). Additional aims were (a) to assess whether the associations are modified by the degree of unemployment protection; (b) to determine the impact of GDP on heart-disease mortality; and (c) to assess the impact of the Great Recession in this context. Methods: We used time-series data for 32 countries spanning the period 1960–2015. We applied two alternative modelling strategies: (a) error correction modelling, provided that the data were co-integrated; and (b) first-difference modelling in the absence of co-integration. Separate models were estimated for each of five welfare state regimes with different levels of unemployment protection. We also performed country-specific ARIMA-analyses. Results: Because the data did not prove to be co-integrated, we applied first-difference modelling. The estimated effect of unemployment and GDP on CVD as well as CHD was statistically insignificant across age and sex groups and across the various welfare state regimes. An interaction term capturing the possible excess effect of unemployment during the Great Recession was also statistically insignificant. Conclusions: Our findings, based on data from predominantly affluent countries, suggest that heart-disease mortality does not respond to economic fluctuations.

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