What effect did the global financial crisis have upon youth wellbeing? Evidence from four Australian cohorts
Journal article
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 |
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Abstract | 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 |
Year | 2016 |
Journal | Developmental Psychology |
Journal citation | 52 (4), pp. 640-651 |
Publisher | American Psychological Association Inc. |
ISSN | 0012-1649 |
Digital Object Identifier (DOI) | https://doi.org/10.1037/dev0000092 |
Scopus EID | 2-s2.0-84957676730 |
Open access | Published as ‘gold’ (paid) open access |
Page range | 640-651 |
Funder | Australian Research Council (ARC) |
Economic and Social Research Council (ESRC) | |
Jacobs Foundation | |
Research Group | Institute for Positive Psychology and Education |
Publisher's version | License File Access Level Open |
Output status | Published |
Publication dates | |
Online | 08 Feb 2016 |
Publication process dates | |
Accepted | 14 Nov 2015 |
ARC Funded Research | This output has been funded, wholly or partially, under the Australian Research Council Act 2001 |
Grant ID | DE140100080 |
ES/K00817X/1 |
https://acuresearchbank.acu.edu.au/item/88615/what-effect-did-the-global-financial-crisis-have-upon-youth-wellbeing-evidence-from-four-australian-cohorts
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Publisher's version
OA_Parker_What_effect_did_the_global_financial.pdf | |
License: CC BY 3.0 | |
File access level: Open |
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