Reference : Requiem for a dream: perceived economic conditions and subjective well-being in times...

	Document type :	Scientific journals : Article
	Discipline(s) :	Social & behavioral sciences, psychology : Sociology & social sciences
	To cite this reference:	http://hdl.handle.net/10993/48995

Title :	Requiem for a dream: perceived economic conditions and subjective well-being in times of prosperity and economic crisis
Language :	English
Author, co-author :	Fernandez Urbano, Roger [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) >]
	Kulic, Nevena []
Publication date :	Oct-2020
Journal title :	Social Indicators Research
Publisher :	Springer
Volume :	151
Pages :	793-813
Peer reviewed :	Yes (verified by ORBilu)
ISSN :	0303-8300
e-ISSN :	1573-0921
City :	Dordrecht
Country :	The Netherlands
Keywords :	[en] Subjective well-being ; Perceptions ; Social background ; Economic Crisis ; Spain
Abstract :	[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.
Permalink :	http://hdl.handle.net/10993/48995
DOI :	10.1007/s11205-020-02404-w

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	Fulltext file(s): File Commentary Version Size Access Open access Fernandez-Urbano and Kulic (2020) .pdf Publisher postprint 1.12 MB View/Open

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