Dealing with the financial crisis E-Book

Francesca Eleuteri

• Herausgeber: Volume Edizioni
• Kategorie: Geisteswissenschaft
• Sprache: Englisch

Veröffentlichungsjahr: 2013

Beschreibung

Prior research and theoretical models suggest that the current global economic crisis could have negative impacts on population mental health, although some studies show that the recession could cause positive effects too. In that context, this work aims to understand the individual, community and societal effects of the global financial crisis examining evidences from these various contradictory approaches. The analyses focus on the macrosystem, esosystem and microsystem. The focus will be on the coping strategies and resilience factors that allow some individuals to better cope in case of economic downturn.

Leseprobe

Dealing with the financial crisis

Individual, community and societal effects of economic crisis

Francesca Eleuteri

Credits

Volume Edizioni

TITLE

Dealing with the financial crisis

SUBTITLE

Individual, community and societal effects of economic crisis

AUTHOR

Francesca Eleuteri

COLLECTION

Psychology & Behavioral Science

First published : 5th February 2013

© Volume Edizioni s.r.l.

Volume Edizioni s.r.l.

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Cover by: Volume Edizioni

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Abstract

Prior research and theoretical models suggest that the current global economic crisis could have negative impacts on population mental health, although some studies show that the recession could cause positive effects too. In that context, this work aims to understand the individual, community and societal effects of the global financial crisis examining evidences from these various contradictory approaches. To identify the consequences of the recession on the individual, several empirical studies have been examined using the multisystem model that can capture the complex multisystemic outcomes of a large-scale event. The analyses focus on the macrosystem, esosystem and microsystem. The focus will be on the coping strategies and resilience factors that allow some individuals to better cope in case of economic downturn.

The analysis suggests that coping methods to the global financial crisis are highly associated with: social policies and labour market programmes, social support, employment status, and individual vulnerability. Within the macrosystem high investments in active labour market programmes (>$190 per head) could have positive effects in reducing the suicides rates. Within the mesosystem, research found that people who have social support such as family or working environment can positively cope, whereas people with low social support have greater risk in mortality. Within the microsystem, rapid and large rises in unemployment were associated with short-term rises in suicides in working-age men and women.

Key words: economic downturn, economic recession, mental health, suicides, unemployment.