The Relationship Between Credit Card Use Behavior and Household Well-Being During the Great Recession: Implications for the Ethics of Credit Use

2017 ◽  
Vol 28 (2) ◽  
pp. 213-224 ◽  
Author(s):  
Jennifer L. Hunter ◽  
Claudia J. Heath
Keyword(s):  
Great Recession ◽  
Credit Card ◽  
Multinomial Logistic Regression ◽  
Economic Recession ◽  
Well Being ◽  
The Great Recession ◽  
Financial Condition ◽  
Use Behavior ◽  
The Relationship ◽  
Credit Card Use

This article uses a random digit dial probability sample (N = 328) to examine the relationship between credit card use behaviors and household well-being during a period of severe economic recession: The Great Recession. The ability to measure the role of credit card use during a period of recession provides unique insights to the study of credit behavior because of the knowledge that all respondents have the same macroeconomic constraint. Framed by the assumptions of the permanent income hypothesis and the life-cycle savings hypothesis, multinomial logistic regression was used to estimate the relationship between credit card use behaviors and three measures of household well-being: emotional well-being, financial well-being, and general household financial condition.

scholarly journals Migration Flows in Spain. A Push-pull Factors View

2020 ◽  
Vol 6 (3) ◽  
pp. p172
Author(s):  
Janusz Sobieraj ◽  
Antonio Mihi-Ramirez
Keyword(s):  
Great Recession ◽  
Economic Recession ◽  
Well Being ◽  
Living Condition ◽  
Vulnerable Groups ◽  
Foreign Workers ◽  
The Great Recession ◽  
Economic Progress ◽  
Theoretical Approaches ◽  
Migration Flows

The paper studies changes in migration flows from a push-pull approach. It analyses the most relevant multidisciplinary theoretical approaches and the statistical information available since the great recession on those factors that determine economic progress and well-being used by Eurostat based on the Stiglitz-Sen-Fitoussi report. Both local and foreign workers are studied. It was observed that after the great economic recession, foreign workers are one of the most vulnerable groups, for whom wages and employment have not yet recovered. This leads to a precarious living condition and a marginal impact on the economy, and also to greater pressure from this group to migrate.

Modeling Fiscal Stress and Contracting Out in Local Government: The Influence of Time, Financial Condition, and the Great Recession

2017 ◽  
Vol 48 (6) ◽  
pp. 565-583 ◽  
Author(s):  
Antonio M. López-Hernández ◽  
José L. Zafra-Gómez ◽  
Ana M. Plata-Díaz ◽  
Emilio J. de la Higuera-Molina
Keyword(s):  
Great Recession ◽  
Local Governments ◽  
Fiscal Stress ◽  
Contracting Out ◽  
The Great Recession ◽  
Financial Condition ◽  
Precise Understanding ◽  
The Impact ◽  
The Relationship

Various studies have analyzed the relationship between fiscal stress and contracting out, but have failed to achieve conclusive results. In this article, we take a broad view of fiscal stress, addressed in terms of financial condition and studied over a lengthy period (2000-2010). The relationship between fiscal stress and contracting out is studied using a dynamic model, based on survival analysis, a methodology that enables us to take into account the effect of time on this relationship. As this study period includes the years of the Great Recession (2008-2010), we also highlight the impact of this event on the fiscal stress–contracting out relation. The results obtained suggest that taking into account the passage of time and conducting a long-term assessment of financial condition enable a more precise understanding of this relation. We also find that the Great Recession reduced the probability of local governments’ contracting out public services.

The Great Recession, Life Events, and Mental Health of Older Adults

2016 ◽  
Vol 84 (3) ◽  
pp. 294-312 ◽  
Author(s):  
Rachel Pruchno ◽  
Allison R. Heid ◽  
Maureen Wilson-Genderson
Keyword(s):  
Mental Health ◽  
Older Adults ◽  
Life Events ◽  
Great Recession ◽  
Multinomial Logistic Regression ◽  
Economic Recession ◽  
The Great Recession ◽  
Personal Experiences ◽  
Major Illness ◽  
Remitted Depression

Historical events and personal experiences have the potential to alter the way people age. Using a life-course model, we examined how the Economic Recession of 2008 and experienced life events affected the mental health of 3,393 older adults in New Jersey. Data collected between 2006 and 2012 revealed a significant increase in mean depressive symptoms. Multinomial logistic regression analyses indicated that people with incident depression were more likely to have lost a job, become a caregiver, experienced a major illness, or have a family member with a major illness than people with no depression. Compared with the incident depression group, those with remitted depression were less likely to report having lost a job or experienced a major illness. Modeling the effects of individual life events and the economic recession on depression enriches understanding about the association between macro socioeconomic events, life events, and the mental health of older adults.

scholarly journals Long-Lasting Effects of the Pandemic on Older Adults’ Food Insecurity: The Urgent Need for Enhanced SNAP Benefits

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 952-952
Author(s):  
Lauren Popham ◽  
Jane Tavares ◽  
Marc Cohen
Keyword(s):  
Older Adults ◽  
Food Insecurity ◽  
Great Recession ◽  
Economic Recession ◽  
Assistance Program ◽  
Older Americans ◽  
The Great Recession ◽  
Nutrition Assistance ◽  
The Relationship

Abstract Despite the start of COVID-19 pandemic recovery in the U.S., food insecurity remains at elevated levels with 10% of American adults reporting food insecurity nearly three times higher than pre-pandemic (Census Bureau’s Household Pulse Survey, June 2021). To gain insight into the long-term impacts of the pandemic on older adults, we examined food insecurity patterns during the last economic recession and the role that the Supplemental Nutrition Assistance Program (SNAP) played in mitigating food insecurity and skipped meals. We analyzed data on adults age 60+ from the Health and Retirement Study, looking at the Great Recession (2008) as a predictor of what to expect in the next decade of pandemic recovery. A key finding was that food insecurity more than doubled among older adults during the Great Recession and remained elevated even 10 years later. Regression analyses showed that SNAP use among older adults weakened the relationship between poverty and food insecurity, but didn’t eliminate it—17% of older adults still reported food insecurity two years after enrolling in SNAP. The data indicates that a growing share of older SNAP users’ benefits have not kept up with rising food costs. In fact, 85% of beneficiaries had monthly benefit amounts below the USDA ‘Thrifty Plan” budget. Congress recently passed the American Rescue Plan which increases SNAP benefits temporarily, yet these enhancements are about to run out. This study underscores the need for permanent SNAP enhancements to help prevent long-lasting hunger facing millions of older Americans.

Teachers’ Union Power in a Budget Crunch: Lasting Ramifications of Differential Spending Responses to the Great Recession

2019 ◽  
pp. 089590481988116
Author(s):  
Walker A. Swain ◽  
Christopher Redding
Keyword(s):  
Great Recession ◽  
Economic Recession ◽  
State Level ◽  
Well Being ◽  
Education Spending ◽  
Teachers Union ◽  
The Great Recession ◽  
Educational Expenditures ◽  
Time Invariant ◽  
First Time

In the wake of the 2007 housing crash and subsequent economic recession, state legislatures across the country faced substantial declines in revenues, and by 2011, for the first time in more than a decade, average spending on education declined. However, states’ budgetary responses to the Great Recession were decidedly uneven, with some making lasting cuts to public education. This article uses longitudinal data on state-level educational spending, politics, demographics, economic well-being, and a unique set of union strength indicators to assess the strength of teachers’ unions as advocates for education spending by examining their role in states’ varied budgetary responses to the Great Recession. We find that states with laws prohibiting collective bargaining for teachers and states with lower union dues per teacher made substantially larger cuts to overall educational expenditures, even after controlling for time-invariant state characteristics, secular trends, and an extensive set of time-variant state-level covariates.

Middle and Below Living Standards: What Can We Learn from Beyond Income Measures of Economic Well-being?

2018 ◽  
Author(s):  
Marii Paskov ◽  
Joan E. Madia ◽  
Tim Goedemé
Keyword(s):  
Well Being ◽  
Material Deprivation ◽  
Living Standards ◽  
Household Level ◽  
The Great Recession ◽  
Level Data ◽  
Working Age ◽  
Household Incomes ◽  
The Relationship ◽  
Economic Well Being

This chapter complements the income-based measures of living standards on which earlier chapters have focused by incorporating non-income dimensions of economic well-being into its analysis, including indicators of material deprivation, economic burdens, and financial stress. It analyses how working-age households around and below the middle of the income distribution fared in European countries in the years before, during, and after the Great Recession. Harmonized household-level data across the members of the EU are analysed to see whether the evolution of these various non-income measures present a similar or different picture to household incomes over time. To probe what lies behind the patterns this reveals, four quite different countries are then examined in greater depth. Finally, the chapter also explores the relationship between material deprivation for households around and below the middle and overall income inequality.

scholarly journals Preventing NEETs during the Great Recession: the effects of mandatory activation programs for young welfare recipients

2021 ◽  
Author(s):  
Emile Cammeraat ◽  
Egbert Jongen ◽  
Pierre Koning
Keyword(s):  
The Netherlands ◽  
Great Recession ◽  
Economic Recession ◽  
Welfare Recipients ◽  
Employment Effects ◽  
The Great Recession ◽  
Employment Education ◽  
The Impact

AbstractWe study the impact of mandatory activation programs for young welfare recipients in the Netherlands. What makes this reform unique is that it clashed head on with the Great Recession. We use differences-in-differences and data for the period 1999–2012 to estimate the effects of this reform. We find that the reform reduced the number of welfare recipients but had no effect on the number of NEETs (individuals not in employment, education or training). The absence of employment effects contrasts with previous studies on the impact of mandatory activation programs, which we argue is due to the reform taking place during a severe economic recession.

Materialism and Credit Card Use by College Students

2000 ◽  
Vol 86 (2) ◽  
pp. 643-652 ◽  
Author(s):  
Mary Beth Pinto ◽  
Diane H. Parente ◽  
Todd S. Palmer
Keyword(s):  
College Students ◽  
Credit Card ◽  
Credit Cards ◽  
The United States ◽  
College Campuses ◽  
Spending Patterns ◽  
Significant Difference ◽  
Students Attitudes ◽  
The Relationship ◽  
Credit Card Use

Much has been written in the popular press on credit card use and spending patterns of American college students. The proliferation of credit cards and their ease of acquisition ensure that students today have more opportunities for making more credit purchases than any other generation of college students. Little is known about the relationship between students' attitudes towards materialism and their use of credit cards. A study was conducted at three college campuses in the northeastern part of the United States where a total of 1,022 students were surveyed. Students' attitudes toward use of credit and their credit card balances were evaluated relative to their scores on Richins and Dawson's Materialism Scale (1992). Our findings suggest no significant difference between those individuals scoring high versus low on the Materialism Scale in terms of the number of credit cards owned and the average balance owed. Individuals high on materialism, however, significantly differed in terms of their uses for credit cards and their general attitude toward their use.

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