What effect did the global financial crisis have upon youth wellbeing? Evidence from four Australian cohorts
Parker, Philip D., Jerrim, John and Anders, Jake. (2016) What effect did the global financial crisis have upon youth wellbeing? Evidence from four Australian cohorts. Developmental Psychology. 52(4), pp. 640-651. https://doi.org/10.1037/dev0000092
|Authors||Parker, Philip D., Jerrim, John and Anders, Jake|
Recent research has suggested significant negative effects of the Global Financial Crisis (GFC) on mental health and wellbeing. In this article, the authors suggest that the developmental period of late adolescence may be at particular risk of economic downturns. Harmonizing 4 longitudinal cohorts of Australian youth (N = 38,017), we estimate the impact of the GFC on 1 general and 11 domain specific measures of wellbeing at age 19 and 22. Significant differences in wellbeing in most life domains were found, suggesting that wellbeing is susceptible to economic shocks. Given that the GFC in Australia was relatively mild, the finding of clear negative effects across 2 ages is of international concern.
|Keywords||wellbeing; Global Financial Crisis; adolescence|
|Journal citation||52 (4), pp. 640-651|
|Publisher||American Psychological Association Inc.|
|Digital Object Identifier (DOI)||https://doi.org/10.1037/dev0000092|
|Open access||Published as ‘gold’ (paid) open access|
|Research or scholarly||Research|
|Research Group||Institute for Positive Psychology and Education|
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© The Authors. This article has been published under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Copyright for this article is retained by the author(s). Author(s) grant(s) the American Psychological Association the exclusive right to publish the article and identify itself as the original publisher.
|Place of publication||United States of America|
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