Hard times and European youth

The effect of economic insecurity on human values, social attitudes and well-being

T. Reeskens, Leen Vandecasteele

Research output: Contribution to journalArticleScientificpeer-review

58 Downloads (Pure)

Abstract

While economic downturns have adverse effects on young people's life chances, empirical studies examining whether and to what extent human values, social attitudes and well-being indicators respond to sudden economic shocks are scarce. To assess the claim that human values are less affected by economic shocks than social attitudes and well-being, two distinct yet related studies based on the European Social Survey (ESS) are conducted. The first employs a fixed effects pseudo-panel analysis of the 2008–2014 ESS-waves to detect whether changes over time in the socio-demographic group's unemployment risk and national youth unemployment affect individual dispositions to varying degrees. The second study captures micro- and cross-national effects in the 2010 ESS cross-section. Unique for this set-up is that we can test whether the findings hold for over-time changes in youth unemployment within countries (pseudo-panel), as well as for cross-country differences in youth unemployment (multilevel). Both studies indicate that political trust, satisfaction with the economy and subjective well-being are lowered by economic risk and hardship, while social trust and self-rated health are less affected by changes in youth unemployment. Secondly, human values are immune to economic risk, underscoring that values transcend specific situations and are therefore resistant against sudden economic shocks.
Original languageEnglish
Pages (from-to)19–27
JournalInternational Journal of Psychology
Volume52
Issue number1
DOIs
Publication statusPublished - 2017

Fingerprint

Unemployment
Human Values
Economics
Social Attitudes
Well-being
Surveys and Questionnaires

Keywords

  • Economic insecurity
  • Human values
  • Subjective well-being
  • Cross-national analysis
  • Pseudo-panel design

Cite this

@article{3c11a737cbdf4f8d918c4dd20e312f41,
title = "Hard times and European youth: The effect of economic insecurity on human values, social attitudes and well-being",
abstract = "While economic downturns have adverse effects on young people's life chances, empirical studies examining whether and to what extent human values, social attitudes and well-being indicators respond to sudden economic shocks are scarce. To assess the claim that human values are less affected by economic shocks than social attitudes and well-being, two distinct yet related studies based on the European Social Survey (ESS) are conducted. The first employs a fixed effects pseudo-panel analysis of the 2008–2014 ESS-waves to detect whether changes over time in the socio-demographic group's unemployment risk and national youth unemployment affect individual dispositions to varying degrees. The second study captures micro- and cross-national effects in the 2010 ESS cross-section. Unique for this set-up is that we can test whether the findings hold for over-time changes in youth unemployment within countries (pseudo-panel), as well as for cross-country differences in youth unemployment (multilevel). Both studies indicate that political trust, satisfaction with the economy and subjective well-being are lowered by economic risk and hardship, while social trust and self-rated health are less affected by changes in youth unemployment. Secondly, human values are immune to economic risk, underscoring that values transcend specific situations and are therefore resistant against sudden economic shocks.",
keywords = "Economic insecurity, Human values, Subjective well-being, Cross-national analysis, Pseudo-panel design",
author = "T. Reeskens and Leen Vandecasteele",
year = "2017",
doi = "10.1002/ijop.12387",
language = "English",
volume = "52",
pages = "19–27",
journal = "International Journal of Psychology",
issn = "0020-7594",
publisher = "Psychology Press",
number = "1",

}

Hard times and European youth : The effect of economic insecurity on human values, social attitudes and well-being. / Reeskens, T.; Vandecasteele, Leen.

In: International Journal of Psychology, Vol. 52, No. 1, 2017, p. 19–27.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Hard times and European youth

T2 - The effect of economic insecurity on human values, social attitudes and well-being

AU - Reeskens, T.

AU - Vandecasteele, Leen

PY - 2017

Y1 - 2017

N2 - While economic downturns have adverse effects on young people's life chances, empirical studies examining whether and to what extent human values, social attitudes and well-being indicators respond to sudden economic shocks are scarce. To assess the claim that human values are less affected by economic shocks than social attitudes and well-being, two distinct yet related studies based on the European Social Survey (ESS) are conducted. The first employs a fixed effects pseudo-panel analysis of the 2008–2014 ESS-waves to detect whether changes over time in the socio-demographic group's unemployment risk and national youth unemployment affect individual dispositions to varying degrees. The second study captures micro- and cross-national effects in the 2010 ESS cross-section. Unique for this set-up is that we can test whether the findings hold for over-time changes in youth unemployment within countries (pseudo-panel), as well as for cross-country differences in youth unemployment (multilevel). Both studies indicate that political trust, satisfaction with the economy and subjective well-being are lowered by economic risk and hardship, while social trust and self-rated health are less affected by changes in youth unemployment. Secondly, human values are immune to economic risk, underscoring that values transcend specific situations and are therefore resistant against sudden economic shocks.

AB - While economic downturns have adverse effects on young people's life chances, empirical studies examining whether and to what extent human values, social attitudes and well-being indicators respond to sudden economic shocks are scarce. To assess the claim that human values are less affected by economic shocks than social attitudes and well-being, two distinct yet related studies based on the European Social Survey (ESS) are conducted. The first employs a fixed effects pseudo-panel analysis of the 2008–2014 ESS-waves to detect whether changes over time in the socio-demographic group's unemployment risk and national youth unemployment affect individual dispositions to varying degrees. The second study captures micro- and cross-national effects in the 2010 ESS cross-section. Unique for this set-up is that we can test whether the findings hold for over-time changes in youth unemployment within countries (pseudo-panel), as well as for cross-country differences in youth unemployment (multilevel). Both studies indicate that political trust, satisfaction with the economy and subjective well-being are lowered by economic risk and hardship, while social trust and self-rated health are less affected by changes in youth unemployment. Secondly, human values are immune to economic risk, underscoring that values transcend specific situations and are therefore resistant against sudden economic shocks.

KW - Economic insecurity

KW - Human values

KW - Subjective well-being

KW - Cross-national analysis

KW - Pseudo-panel design

U2 - 10.1002/ijop.12387

DO - 10.1002/ijop.12387

M3 - Article

VL - 52

SP - 19

EP - 27

JO - International Journal of Psychology

JF - International Journal of Psychology

SN - 0020-7594

IS - 1

ER -