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Social Effects of Economic Crisis: Risk of Exclusion. An Overview of the European Context

Isabel Novo-Corti (), Diana-Mihaela Țîrcă (Pociovalisteanu) (), Magdalena Ziolo () and Xose Picatoste ()
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Isabel Novo-Corti: Economic Development and Social Sustainability Research Group (EDaSS), Department of Economics —Universidade da Coruña—Spain, Campus de Elviña, s/n, 15071 A Coruña, Spain
Magdalena Ziolo: Faculty of Economics and Management, Institute of Finance, Department of Finance, University of Szczecin, ul. Mickiewicza 64, 71-307 Szczecin, Poland
Xose Picatoste: Department of Economic Structure and Economic Development, Universidad Autónoma de Madrid, 5-Canto Blanco, 28049 Madrid, Spain

Authors registered in the RePEc Author Service: María Isabel Novo Corti ()

Sustainability, 2019, vol. 11, issue 2, 1-17

Abstract: Sustainability is a complex concept. It only can be achieved from a global perspective, where social, economic and environmental issues are all key factors for achieving the goal. This paper is focused on the importance of social sustainability and, as a consequence, the importance of avoiding each and everyone’s risk of poverty and exclusion as due to the recent crisis effects. Nevertheless, this crisis resulted in higher inequalities and put a lot of people at risk of poverty, even in “developed” countries. Through a statistical and econometric analysis, some of the key factors to which the European Union should aim to avoid unsustainable scenarios are analysed. A regression, factorial and cluster analysis is carried out and this leads to conclude that the labour market is key in promoting economic policies in order to achieve social sustainability.

Keywords: social sustainability; risk of poverty; risk of exclusion; social protection; economic crisis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:gam:jsusta:v:11:y:2019:i:2:p:336-:d:196717