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• W2564037893 abstract "markdownabstract__Abstract__Using data for 28 European countries for the 2008-2012 period, we examine whether employed individuals are affected by the economic crisis. We provide robust evidence that unfavourable macroeconomic conditions are negatively associated with the life satisfaction of employees. In addition, we find that higher levels of regional unemployment and inflation are predominantly associated with lower levels of life satisfaction for employees who are in a bad financial situation or who expect that their future financial situation will be worse. By contrast, employed people who do well financially and who have good prospects are not affected by the crisis.Using data for 28 European countries for the 2008-2012 period, we examine whether employed individuals are affected by the economic crisis. We provide robust evidence that unfavourable macroeconomic conditions are negatively associated with the life satisfaction of employees. In addition, we find that higher levels of regional unemployment and inflation are predominantly associated with lower levels of life satisfaction for employees who are in a bad financial situation or who expect that their future financial situation will be worse. By contrast, employed people who do well financially and who have good prospects are not affected by the crisis.Using data for 28 European countries for the 2008-2012 period, we examine whether employed individuals are affected by the economic crisis. We provide robust evidence that unfavourable macroeconomic conditions are negatively associated with the life satisfaction of employees. In addition, we find that higher levels of regional unemployment and inflation are predominantly associated with lower levels of life satisfaction for employees who are in a bad financial situation or who expect that their future financial situation will be worse. By contrast, employed people who do well financially and who have good prospects are not affected by the crisis.Using data for 28 European countries for the 2008-2012 period, we examine whether employedindividuals are affected by the economic crisis. We provide robust evidence that unfavourablemacroeconomic conditions are negatively associated with the life satisfaction of employees. Inaddition, we find that higher levels of regional unemployment and inflation are predominantlyassociated with lower levels of life satisfaction for employees who are in a bad financial situationor who expect that their future financial situation will be worse. By contrast, employed peoplewho do well financially and who have good prospects are not affected by the crisis." @default.
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• W2564037893 date "2014-07-04" @default.
• W2564037893 modified "2023-09-28" @default.
• W2564037893 title "Financial Distress and Happiness ofEmployees in Times of Economic Crisis" @default.
• W2564037893 hasPublicationYear "2014" @default.
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