scholarly journals The Great Recession and subjective well-being: How did the life satisfaction of people living in the United Kingdom change following the financial crisis?

PLoS ONE ◽  
2018 ◽  
Vol 13 (8) ◽  
pp. e0201215 ◽  
Author(s):  
Christopher J. Boyce ◽  
Liam Delaney ◽  
Alex M. Wood
Keyword(s):  
Life Satisfaction ◽  
United Kingdom ◽  
Financial Crisis ◽  
Great Recession ◽  
Well Being ◽  
Subjective Well Being ◽  
The Great Recession ◽  
The United Kingdom

scholarly journals Financial Crisis and Europe: An eventual post-scenario analysis

2016 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Mike Susan
Keyword(s):  
United Kingdom ◽  
Financial Crisis ◽  
Scenario Analysis ◽  
Great Recession ◽  
Critical Position ◽  
The Great Recession ◽  
The United Kingdom ◽  
Spending Cuts

It is a typical abstain of political strategists that you ought not release a decent emergency to squander. Seven years on from the beginnings of the worldwide money related emergency, we can make an evaluation of whether that saying was taken after. The reaction in Europe was generally one of expanded government obtaining, counterbalance by bundles of expense rises and spending cuts. The methodologies in France, Germany, Ireland, Italy, Spain and the United Kingdom have been in a few ways comparative, however essential contrasts in a critical position of assessments and cuts, in the zones focused on and in the sorts of family units influenced have permitted us to make some unmistakable inferences about the effect of the Great Recession.

The Great Recession and Life Satisfaction

2017 ◽  
Author(s):  
John Ifcher ◽  
Amanda Cabacungan
Keyword(s):  
Life Satisfaction ◽  
Great Recession ◽  
Housing Price ◽  
Well Being ◽  
Wealth Effects ◽  
Retirement Age ◽  
Behavioral Risk ◽  
Subjective Well Being ◽  
The Great Recession ◽  
The Impact

Using data from the US Centers for Disease Control and Prevention’s Behavioral Risk Factor Surveillance System, we examine the impact of the Great Recession on subjective well-being (as measured by life satisfaction) and attempt to identify disparate effects by age. We find that those approaching retirement age (aged 55 to 64) experienced reduced life satisfaction after the recession, whereas younger working-aged adults did not. The disparate effects by age cannot be explained by income or unemployment trends, but may be explained by wealth effects. For example we find that the life satisfaction of those approaching retirement age, but not of younger working-age adults, is closely correlated with wealth indices (e.g. the Case–Shiller Housing Price Index and the S&P 500 Index).

scholarly journals Selective migration and urban–rural differences in subjective well-being: Evidence from the United Kingdom

Urban Studies ◽  
2021 ◽  
pp. 004209802110230
Author(s):  
Marloes Hoogerbrugge ◽  
Martijn Burger
Keyword(s):  
Life Satisfaction ◽  
United Kingdom ◽  
Rural Areas ◽  
Urban Areas ◽  
Tertiary Education ◽  
Well Being ◽  
Subjective Well Being ◽  
Selective Migration ◽  
The United Kingdom ◽  
Urban Rural

Although more and more people choose to live in (large) cities, people in the Western world generally report lower levels of subjective well-being in urban areas than in rural areas. This article examines whether these urban–rural differences in subjective well-being are (partly) driven by selective migration patterns. To this end, we utilise residential mobility data from the United Kingdom based on 12 waves of the British Household Panel Survey. We explore urban–rural differences in life satisfaction as well as changes in life satisfaction of people moving from rural areas to urban areas (or vice versa), hereby paying specific attention to selection and composition effects. The results show that selective migration can, at least partly, explain the urban–rural subjective well-being differential through the selection of less satisfied people in cities and more satisfied people in the countryside. While the average life satisfaction of urban–rural migrants is higher compared to the life satisfaction of rural–urban migrants, we do not find – on average – long-lasting life satisfaction effects of migration. At the same time, there are differences between sociodemographic groups in that we find that a move from the countryside to the city is positively associated with the life satisfaction of students while it is negatively associated with the life satisfaction of people with a non-tertiary education.

The Covid-19 lockdown in the United Kingdom and subjective well-being: Have the self-employed suffered more due to hours and income reductions?

2021 ◽  
pp. 026624262098676 ◽  
Author(s):  
Wei Yue ◽  
Marc Cowling
Keyword(s):  
United Kingdom ◽  
Rare Events ◽  
Well Being ◽  
The Self ◽  
Subjective Well Being ◽  
Data Set ◽  
The United Kingdom ◽  
Hours Of Work ◽  
Period Data ◽  
The Uk

It is well documented that the self-employed experience higher levels of happiness than waged employees even when their incomes are lower. Given the UK government’s asymmetric treatment of waged workers and the self-employed, we use a unique Covid-19 period data set which covers the months leading up to the March lockdown and the months just after to assess three aspects of the Covid-19 crisis on the self-employed: hours of work reductions, the associated income reductions and the effects of both on subjective well-being. Our findings show the large and disproportionate reductions in hours and income for the self-employed directly contributed to a deterioration in their levels of subjective well-being compared to waged workers. It appears that their resilience was broken when faced with the reality of dealing with rare events, particularly when the UK welfare support response was asymmetric and favouring waged employees.

UK Unemployment in the Great Recession

2010 ◽  
Vol 214 ◽  
pp. R3-R25 ◽  
Author(s):  
David N.F. Bell ◽  
David G. Blanchflower
Keyword(s):  
Life Satisfaction ◽  
Great Recession ◽  
Sharp Increase ◽  
Well Being ◽  
The Great Recession ◽  
Financial Difficulties ◽  
Small Rise ◽  
Low Levels ◽  
The Unemployed

This paper considers some of the implications of the increase in UK unemployment since the beginning of the Great Recession. The major finding is that the sharp increase in unemployment and decrease in employment is largely concentrated on the young. This has occurred at a time when the size of the youth cohort is large. As a response to a lack of jobs there has been a substantial increase in applications to university, although there has only been a small rise in the number of places available. Further we find evidence that the unemployed have particularly low levels of well-being, are depressed, have low levels of life satisfaction, have difficulties paying their bills and are especially likely to be in financial difficulties.

scholarly journals The Well-Being Gap during the Great Recession: The Role of Growth and Institutions

2020 ◽  
Vol 12 (2) ◽  
pp. 24
Author(s):  
Marco Ciziceno ◽  
Pietro Pizzuto
Keyword(s):  
Low Income ◽  
Great Recession ◽  
Potential Role ◽  
Well Being ◽  
European Countries ◽  
Economic Downturn ◽  
Subjective Well Being ◽  
Negative Effects ◽  
The Great Recession

The purpose of this paper is to examine the well-being dynamics across European countries during the Great Recession and to investigate the potential role of the quality of formal institutions in mitigating the negative effect of the economic downturn. This study uses the club convergence methodology by Phillips and Sul (2007; 2009) to group EU-28 countries that present similar features in terms of well-being during the period 2005-2017. The study also applies probit models to investigate the potential role of several social and institutional characteristics that are supposed to affect subjective well-being levels. The results show the existence of a “well-being gap” among European countries. The economic downturn started in 2008 has impacted the perceived well-being more in low-income and low-growth countries (less developed transition and Southern countries), than in high-income and more developed transition countries. The study also shows that countries that present well-functioning institutional systems and, more in general, good institutional performances show higher life satisfaction levels and tend to be more resilient to the negative effects generated by the economic shock.

scholarly journals European Public Finances and the Great Recession: France, Germany, Ireland, Italy, Spain and the United Kingdom Compared

2015 ◽  
Vol 36 (4) ◽  
pp. 405-430 ◽  
Author(s):  
Antoine Bozio ◽  
Carl Emmerson ◽  
Andreas Peichl ◽  
Gemma Tetlow
Keyword(s):  
United Kingdom ◽  
Great Recession ◽  
Public Finances ◽  
The Great Recession ◽  
The United Kingdom ◽  
European Public
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