scholarly journals What Caused the Great Recession?

2015 ◽  
Vol 66 (1) ◽  
pp. 1-12
Author(s):  
Stefan Homburg
Keyword(s):  
United States ◽  
Great Recession ◽  
The United States ◽  
The Great Recession ◽  
Using Data

Abstract This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United States and the eurozone. Of these five hypotheses, four are not supported by the data, while the fifth appears reasonable.

The Great Recession, Inequality, and Health: An Integrative Approach

2018 ◽  
pp. 498-512
Author(s):  
Julie A. Kirsch ◽  
Carol D. Ryff
Keyword(s):  
United States ◽  
Great Recession ◽  
The United States ◽  
Integrative Approach ◽  
Economic Downturn ◽  
The Great Recession ◽  
Psychological Influences ◽  
Historically Situated ◽  
Using Data ◽  
Advance Knowledge

Biopsychosocial integration requires attentiveness to changing historical contexts. The Great Recession of 2007–2009 is regarded as the most severe economic downturn since the 1930s and has contributed to the growing American problem of inequality. To advance knowledge of the human consequences of the Great Recession and growing inequalities, integrative approaches are needed. This chapter summarizes conceptual frameworks that address the ways the Great Recession has exacerbated US problems of inequality and for whom. In light of these frameworks and using data from the Midlife in the United States (MIDUS) baseline and Refresher samples, a historically situated inquiry into whether life in America looks worse in the Great Recession aftermath is presented. Findings on inequality in recession hardships, health vulnerabilities, and psychological influences are reviewed. The chapter concludes with a discussion of additional domains of assessment about Great Recession impacts that can be pursued with MIDUS.

scholarly journals The Great Recession and Mental Health in the United States

2019 ◽  
Vol 7 (5) ◽  
pp. 900-913 ◽  
Author(s):  
Miriam K. Forbes ◽  
Robert F. Krueger
Keyword(s):  
Mental Health ◽  
United States ◽  
Great Recession ◽  
Population Level ◽  
Safety Net ◽  
The United States ◽  
Panic Attacks ◽  
The Great Recession ◽  
Additional Support ◽  
The Impact

The full scope of the impact of the Great Recession on individuals’ mental health has not been quantified to date. In this study we aimed to determine whether financial, job-related, and housing impacts experienced by individuals during the recession predicted changes in the occurrence of symptoms of depression, generalized anxiety, panic attacks, and problematic alcohol use or other substance use. Longitudinal survey data ( n = 2,530 to n = 3,293) from the national Midlife in the United States study that were collected before (2003–2004) and after (2012–2013) the Great Recession were analyzed. The population-level trend was toward improvements in mental health over time. However, for individuals, each recession impact experienced was associated with long-lasting and transdiagnostic declines in mental health. These relationships were stronger for some sociodemographic groups, which suggests the need for additional support for people who suffer marked losses during recessions and for those without a strong safety net.

Integrating models of marital functioning to understand the mental health consequences of the Great Recession

2020 ◽  
Vol 37 (7) ◽  
pp. 2118-2135
Author(s):  
Esra Ascigil ◽  
Emre Selcuk ◽  
Gul Gunaydin ◽  
Anthony D. Ong
Keyword(s):  
Mental Health ◽  
Negative Affect ◽  
Great Recession ◽  
Health Impact ◽  
The United States ◽  
Marital Functioning ◽  
Family Stress Model ◽  
The Great Recession ◽  
Financial Events ◽  
Using Data

It is well established that negative financial events during macroeconomic crises have a significant impact on individuals’ mental health. Much less is known about how and for whom economic crises impact mental health. Using data from the Midlife in the United States study, we examine the mental health impact of the Great Recession in the U.S. Drawing on predictions from the Vulnerability-Stress-Adaptation Model of Marriage and the Family Stress Model, we examined whether increases in marital disagreements mediated the link between recession adversities (e.g., unemployment, increased debt, loss of a home) and mental health following the recession (2013–2014), controlling for prerecession marital disagreements and mental health (2004–2006). We found that those who experienced a greater number of recession adversities showed increased marital disagreements following the Great Recession, which were in turn associated with poorer mental health (negative affect and affective disorder). These associations held after controlling for prerecession levels of gender, age, race, and education. Furthermore, those who had lower income before the recession experienced greater increases in negative affect following the recession. These findings highlight the importance of marital processes in how the Great Recession is linked to mental health.

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