Economic stress in non-poor Spanish households during the Great Recession
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Título: | Economic stress in non-poor Spanish households during the Great Recession |
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Autor/es: | Ródenas, Carmen | Martí, Mónica | León Valle, Ángel M. |
Grupo/s de investigación o GITE: | Desarrollo, Métodos Cuantitativos y Teoría Económica (DMCTE) | Finanzas de Mercado y Econometría Financiera |
Centro, Departamento o Servicio: | Universidad de Alicante. Departamento de Análisis Económico Aplicado | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico |
Palabras clave: | Great Recession | Economic stress | Living conditions survey | Non-poor households |
Área/s de conocimiento: | Economía Aplicada | Economía Financiera y Contabilidad |
Fecha de publicación: | 2020 |
Editor: | Emerald |
Cita bibliográfica: | Applied Economic Analysis. 2020, 28(82): 19-45. doi:10.1108/AEA-11-2019-0045 |
Resumen: | Purpose – This paper aims to focus on non-poor households that during the Great Recession experienced economic stress (ES). That is, whose economic comfort was reduced taking into account their previous living standards. The paper seeks to determine how the crisis has affected this extensive (and key) social group. Design/methodology/approach – The analysis has been performed in a dynamic way. The non-poor households ES situation and its changes are studied throughout the period 2008-2016 by taking the four-year intervals provided by the longitudinal Spanish Living Conditions Survey. The authors discuss and select the circumstances to determine whether ES has occurred. To identify which variables determine the probability of suffering ES the authors use a standard logit model. Findings – The main variable is the tenure status of the dwelling: property with a mortgage or rented multiply the risk of ES by up to 3.5 times. ES falls as the household’s work intensity increases. However, an improvement in the employment situation cannot be associated with a reduction in ES probability. The main socio-demographic variables behave as predicted: woman householder, grow in the number of household members and bad health increase the risk of ES, and the higher the level of education of the householder, the lower the risk. Originality/value – There are very few studies regarding the people above the poverty line. Exploring and analyzing the factors determining the sensitivity of the largest part of the population to the crisis is very relevant, as the pace of the economic recovery depends largely on them. |
Patrocinador/es: | This study was funded by the Spanish Ministry of Economy and Competitiveness (ECO2017-87069-P). |
URI: | http://hdl.handle.net/10045/104067 |
ISSN: | 2632-7627 |
DOI: | 10.1108/AEA-11-2019-0045 |
Idioma: | eng |
Tipo: | info:eu-repo/semantics/article |
Derechos: | © Carmen Ródenas, Mónica Martí and Ángel León. Published in Applied Economic Analysis. Published by Emerald Publishing Limited. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode |
Revisión científica: | si |
Versión del editor: | https://doi.org/10.1108/AEA-11-2019-0045 |
Aparece en las colecciones: | INV - Finanzas de Mercado y Econometría Financiera - Artículos de Revistas INV - DMCTE - Artículos de Revistas |
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2020_Rodenas_etal_AppliedEconomicAnalysis.pdf | 279,68 kB | Adobe PDF | Abrir Vista previa | |
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