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Subjective Well-Being and the 2008 Recession in European Regions: The Moderating Role of Quality of Governance

[Zeitschriftenartikel]

Arampatzi, Efstratia
Burger, Martijn J.
Stavropoulos, Spyridon
Oort, Frank van

Abstract

How can we explain why some regions experienced large decreases in subjective well-being during the 2008 recession, while in other regions, the changes were only very modest? Building on the literature on resilience in subjective well-being during periods of crisis, this article explores a related b... mehr

How can we explain why some regions experienced large decreases in subjective well-being during the 2008 recession, while in other regions, the changes were only very modest? Building on the literature on resilience in subjective well-being during periods of crisis, this article explores a related but undervalued factor that moderates the localized relationship between macroeconomic developments and life evaluation: regional quality of governance. We use individual-level data on life satisfaction and personal information taken from Eurobarometer for 89 European regions in the EU-28 for the period of 2005-2014, combined with macroeconomic variables and regional quality of governance data to test for the hypothesized moderating effect of quality of governance. The results demonstrate that increased regional unemployment and financial stress have a less aggravating effect on subjective well-being in regions characterized by a high quality of governance. These results support the capacity of quality of governance to buffer the negative effects of adverse macroeconomic conditions, most likely through generating trust and providing a safety net.... weniger

Thesaurusschlagwörter
Wohlbefinden; Wirtschaftskrise; Europa; Governance; Eurobarometer; Rezession; Lebenszufriedenheit; regionale Faktoren; regionaler Unterschied

Klassifikation
Volkswirtschaftslehre

Freie Schlagwörter
Subjective well-being; Quality of governance; Eurobarometer 2005-2014

Sprache Dokument
Englisch

Publikationsjahr
2019

Seitenangabe
S. 111-133

Zeitschriftentitel
International Journal of Community Well-Being, 2 (2019) 2

DOI
https://doi.org/10.1007/s42413-019-00022-0

ISSN
2524-5309

Status
Veröffentlichungsversion; begutachtet (peer reviewed)

Lizenz
Creative Commons - Namensnennung 4.0


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