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    Dealing with the financial crisis: Individual, community and societal effects of economic crisis
    Dealing with the financial crisis: Individual, community and societal effects of economic crisis
    Dealing with the financial crisis: Individual, community and societal effects of economic crisis
    Ebook36 pages23 minutes

    Dealing with the financial crisis: Individual, community and societal effects of economic crisis

    By Francesca Eleuteri

    ()

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    About this ebook

    Prior research and theoretical models suggest that the current global economic crisis could have negative impacts on population mental health, although some studies show that the recession could cause positive effects too. In that context, this work aims to understand the individual, community and societal effects of the global financial crisis examining evidences from these various contradictory approaches. The analyses focus on the macrosystem, esosystem and microsystem. The focus will be on the coping strategies and resilience factors that allow some individuals to better cope in case of economic downturn.
    LanguageEnglish
    PublisherVolume Edizioni
    Release dateFeb 5, 2013
    ISBN9788897747123
    Dealing with the financial crisis: Individual, community and societal effects of economic crisis

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      Book preview

      Dealing with the financial crisis - Francesca Eleuteri

      Eleuteri

      Credits

      Volume Edizioni

      TITLE

      Dealing with the financial crisis

      SUBTITLE

      Individual, community and societal effects of economic crisis

      AUTHOR

      Francesca Eleuteri

      COLLECTION

      Psychology & Behavioral Science

      First published : 5th February 2013

      © Volume Edizioni s.r.l.

      Volume Edizioni s.r.l.

      Via G. Ricci Curbastro, 7 – 00149 Rome - Italy

      info@volumeedizioni.com

      Cover by: Volume Edizioni

      Copyright © Volume Edizioni s.r.l.

      All rights reserved. No part of this publication may be reproduce, stored in a retrieval system, or trasmitted, in any form or by any means, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher, the copy buyed is only for the personal use of the buyer, any violation can be sue according italian penal code (L. 633/1941) .

      Abstract

      Prior research and theoretical models suggest that the current global economic crisis could have negative impacts on population mental health, although some studies show that the recession could cause positive effects too. In that context, this work aims to understand the individual, community and societal effects of the global financial crisis examining evidences from these various contradictory approaches. To identify the consequences of the recession on the individual, several empirical studies have been examined using the multisystem model that can capture the complex multisystemic outcomes of a large-scale event. The analyses focus on the macrosystem, esosystem and microsystem. The focus will be on the coping strategies and resilience factors that allow some individuals to better cope in case of economic downturn.

      The analysis suggests that coping methods to the global financial crisis are highly associated with: social policies and labour market programmes, social support, employment status, and individual vulnerability. Within the macrosystem high investments in active labour market programmes (>$190 per head) could have positive effects in reducing the suicides rates. Within the mesosystem, research found that people who have social support such as family or working environment can positively cope, whereas people with low social support have greater risk in mortality. Within the microsystem, rapid and large rises in unemployment were associated

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