Changes in Young Europeans’ Values During the Global Financial Crisis
Bibliographic Data
| ID | 21209751 |
|---|---|
| Authors | Florencia M Sortheix (0000-0001-9383-4204, University of Helsinki, corresponding author), Peter Parker (0000-0002-4604-8566, Australian Catholic University), Philip D Parker (Institute for Positive Psychology and Education, Australian Catholic University, North Sydney, New South Wales, Australia), Clemens M Lechner (GESIS—Leibniz Institute for the Social Sciences, Mannheim, Germany), Cailin Lechner (0000-0003-3053-8701, GESIS - Leibniz Institute for the Social Sciences), Shalom H Schwartz (0000-0003-2673-9332, Hebrew University of Jerusalem) |
| Year | 2019 |
| Volume | 10 |
| Issue | 1 |
| Pages | 15-25 |
| Publication date | 2019-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Psychological and Personality Science (JOURNAL) |
| Journal identifiers | ISSN: 1948-5506 • E-ISSN: 1948-5514 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/1948550617732610 |
| OpenAlex | W2762513260 |
| Language | EN |
| Citations received | 50 |
| References cited | 41 |
We investigate the impact of the global financial crisis (GFC) on the personal values of youth and young adults (age 16–35 years) from 16 European countries. Using time series cross-sectional data from seven waves (2002–2014) of the European Social Survey, we examined (1) whether the GFC led to value shifts between cohorts of young people and (2) whether welfare state provision moderate the expected value shifts. Multilevel analyses showed that, following the GFC, the importance of security, tradition, benevolence, and, to a lesser extent, conformity values increased. In contrast, hedonism, self-direction, and stimulation values decreased. In line with our moderation hypothesis, power, and, to a lesser extent, achievement values increased following the GFC in countries low on welfare expenditures but decreased in countries high on welfare expenditures. Contrary to expectations, increases in tradition and benevolence values were more pronounced in high-welfare countries
Conformity · Demographic economics · Economics · European Social Survey · Financial crisis · Hedonism · Macroeconomics · Market economy · Moderation · Multilevel model · Political science · Politics · Sociology · Welfare · Welfare state · World Values Survey · Cultural Differences and Values · Demography · Health disparities and outcomes · Psychological Well-being and Life Satisfaction · Psychology · Social Psychology
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| Unique citing works | 50 |
|---|---|
| Citations per year | 6,25 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 46 |