Subjective Well-Being and the 2008 Recession in European Regions: The Moderating Role of Quality of Governance
العنوان: | Subjective Well-Being and the 2008 Recession in European Regions: The Moderating Role of Quality of Governance |
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المؤلفون: | Frank van Oort, Spyridon Stavropoulos, Efstratia Arampatzi, Martijn Burger |
المساهمون: | Applied Economics |
المصدر: | International Journal of Community Well-Being International Journal of Community Well-Being, 2(2), 111-133 |
بيانات النشر: | CHE, 2019. |
سنة النشر: | 2019 |
مصطلحات موضوعية: | Economics, media_common.quotation_subject, satisfaction with life, Wohlbefinden, economic crisis, Recession, Rezession, well-being, ddc:330, Wirtschaftskrise, Quality (business), Subjective well-being, media_common, Governance, Eurobarometer, Corporate governance, Quality of governance, Eurobarometer 2005-2014, Life satisfaction, Wirtschaft, regional factors, Lebenszufriedenheit, Political Economy, regional difference, Europe, regionaler Unterschied, Volkswirtschaftslehre, Unemployment, Demographic economics, regionale Faktoren, Psychological resilience, recession, Europa |
الوصف: | How can we explain why some regions experienced large decreases in subjective well-being during the 2008 recession, while in other regions, the changes were only very modest? Building on the literature on resilience in subjective well-being during periods of crisis, this article explores a related but undervalued factor that moderates the localized relationship between macroeconomic developments and life evaluation: regional quality of governance. We use individual-level data on life satisfaction and personal information taken from Eurobarometer for 89 European regions in the EU-28 for the period of 2005–2014, combined with macroeconomic variables and regional quality of governance data to test for the hypothesized moderating effect of quality of governance. The results demonstrate that increased regional unemployment and financial stress have a less aggravating effect on subjective well-being in regions characterized by a high quality of governance. These results support the capacity of quality of governance to buffer the negative effects of adverse macroeconomic conditions, most likely through generating trust and providing a safety net. |
وصف الملف: | application/pdf |
تدمد: | 2524-5295 |
الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bf3513bfde5e265adaaf1eb04d3451e8Test https://www.ssoar.info/ssoar/handle/document/76028Test |
حقوق: | OPEN |
رقم الانضمام: | edsair.doi.dedup.....bf3513bfde5e265adaaf1eb04d3451e8 |
قاعدة البيانات: | OpenAIRE |
تدمد: | 25245295 |
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