Reference : Requiem for a dream: perceived economic conditions and subjective well-being in times...
Scientific journals : Article
Social & behavioral sciences, psychology : Sociology & social sciences
http://hdl.handle.net/10993/48995
Requiem for a dream: perceived economic conditions and subjective well-being in times of prosperity and economic crisis
English
Fernandez Urbano, Roger mailto [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) >]
Kulic, Nevena mailto []
Oct-2020
Social Indicators Research
Springer
151
793-813
Yes (verified by ORBilu)
0303-8300
1573-0921
Dordrecht
The Netherlands
[en] Subjective well-being ; Perceptions ; Social background ; Economic Crisis ; Spain
[en] Using the Panel of Social Inequalities in Catalonia, Spain (PaD 2001–2012), this article investigates the relationship between perceptions of economic conditions and subjective well-being in times of prosperity and economic crisis. It also analyses how this relation- ship plays out across different social backgrounds. Periods of economic crisis and prosper- ity serve as a proxy for objective macroeconomic conditions. The Spanish region of Cata- lonia is a relevant setting because it faced one of the highest increases in inequality and unemployment in Europe as a result of the 2008 Economic Crisis. Our results show that perceived economic conditions matter beyond objective micro and macroeconomic realm and become a strong determinant of subjective well-being during a crisis, particularly for the middle class. However, contrary to our initial expectations, our results also show the existence of a close correlation between perceptions of economic conditions and subjective well-being for low social background individuals in times of economic prosperity, and an even stronger relationship in times of economic crisis. The article stipulates several poten- tial explanations for these results.
http://hdl.handle.net/10993/48995
10.1007/s11205-020-02404-w

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Open access
Fernandez-Urbano and Kulic (2020) .pdfPublisher postprint1.12 MBView/Open

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.