Loading...
What effect did the global financial crisis have upon youth wellbeing? Evidence from four Australian cohorts
Parker, Philip D. Jerrim, John Anders, Jake
Parker, Philip D.
Jerrim, John
Anders, Jake
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
Date
2016
Type
Journal article
Journal
Developmental Psychology
Book
Volume
52
Issue
4
Page Range
640-651
Article Number
ACU Department
Faculty of Education and Arts
Collections
Relation URI
Source URL
Event URL
Open Access Status
Published as ‘gold’ (paid) open access
License
CC BY 3.0
File Access
Open