EconPapers    
Economics at your fingertips  
 

Financial Distress and Happiness of Employees in Times of Economic Crisis

Efstratia Arampatzi, Martijn Burger and Ruut Veenhoven ()

No 14-082/VII, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Using data for 28 European countries for the 2008-2012 period, we examine whether employed individuals are affected by the economic crisis. We provide robust evidence that unfavourable macroeconomic conditions are negatively associated with the life satisfaction of employees. In addition, we find that higher levels of regional unemployment and inflation are predominantly associated with lower levels of life satisfaction for employees who are in a bad financial situation or who expect that their future financial situation will be worse. By contrast, employed people who do well financially and who have good prospects are not affected by the crisis.

Keywords: life satisfaction; financial distress; economic crisis; Europe (search for similar items in EconPapers)
JEL-codes: D60 I00 (search for similar items in EconPapers)
Date: 2014-07-04
New Economics Papers: this item is included in nep-hap
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://papers.tinbergen.nl/14082.pdf (application/pdf)

Related works:
Journal Article: Financial distress and happiness of employees in times of economic crisis (2015) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20140082

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().

 
Page updated 2022-06-26
Handle: RePEc:tin:wpaper:20140082