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How material deprivation impacted economic stress across European countries during the great recession: a lesson on social comparisons
[journal article]
Abstract The development of a common standard of consumption is one goal of the ongoing harmonization of the EU member states' economies. As a result, the degree to which household deprivation affects people's economic stress should converge. Based on comparison theory, such convergence could be one indicato... view more
The development of a common standard of consumption is one goal of the ongoing harmonization of the EU member states' economies. As a result, the degree to which household deprivation affects people's economic stress should converge. Based on comparison theory, such convergence could be one indicator for Europe growing together ('Europeanization'). The association between deprivation and economic stress is tested across and between 28 EU countries with EU-SILC data. Moreover, it is examined whether this association changed between 2007 and 2015, as the great recession starting in 2008 affected European countries differently. The results show that, given a certain level of household deprivation, people judge their situation differently across Europe. Whereas economic stress levels are higher in relatively poor countries, the deprivation-stress link is stronger in rich countries. Across-time comparisons suggest no decline in the extent to which a country's deprivation level moderated the effect of household deprivation on economic stress. The findings support the persistence of national reference groups against which individuals judge their own economic situation.... view less
Keywords
EU; economic situation; stress; economic crisis; economic factors; recession; deprivation
Classification
Social Problems
Free Keywords
multilevel regression; great depression; reference groups; comparison theory; EU-SILC 2007; EU-SILC 2009; EU-SILC 2011; EU-SILC 2013; EU-SILC 2015
Document language
English
Publication Year
2022
Page/Pages
p. 66-85
Journal
Acta Sociologica, 65 (2022) 1
DOI
https://doi.org/10.1177/00016993211001121
ISSN
1502-3869
Status
Published Version; peer reviewed