A lost generation? The financial crisis and the length of working life in Spain

Dudel, Christian; Gómez, María Andrée López; Benavides, Fernando G.; Myrskylä, Mikko

doi:10.4054/mpidr-wp-2016-010

Cited by 6 publications

(6 citation statements)

References 29 publications

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“…Second, there is also clear evidence of increases in the average number and length of spells of temporary withdrawal from the labor force (Dudel et al, 2016). This pattern has been observed among individuals who have become unemployed, are not entitled to unemployment benefits, and do not expect to find a job (Congregado et al, 2011).…”

Section: Introductionmentioning

confidence: 92%

“…A similar problem exists for migration out of Spain: individuals who leave the country are lost to the sample, but may reenter. While it has been shown that this could bias results for females, results for males are affected to a lesser extent (Dudel et al, 2016). For this reason, the working life tables are reported for males only, corrected for the selectivity of the dataset (see below).…”

Section: Datamentioning

confidence: 99%

“…Our decision to perform the estimation by subsamples was motivated by computational issues caused by the large sample size, but an additional benefit of this approach is that it implicitly introduces interactions with all variables by age group, and allows for discontinuities in the otherwise smooth age trajectory. The transition probabilities resulting from this estimation exercise were adjusted using the non-parametric correction procedure proposed by Dudel et al (2016), which relies on external data sets and corrects for the selectivity of the CWLS.…”

Section: Estimationmentioning

confidence: 99%

“…While there is evidence that the length of working life decreased due to the recession, and that the impact of the crisis was indeed heterogeneous (Dudel et al, 2016), it is less clear to what degree the observed losses in working life expectancy are due to a compression of working life (i.e., to later entry into and/or earlier exit from working life), or to working life consisting of more and longer periods of temporary withdrawal from the labor force. Earlier research has provided evidence for both effects.…”

Section: Introductionmentioning

confidence: 99%

“…During this period, Spain was hit hard by the financial crisis. Unemployment increased dramatically (Jimeno and Santos, 2014), while working life expectancy decreased (Dudel et al, 2016). The highly segregated structure of the Spanish labor market (Bentolila et al, 2012a) might imply that the impact of the recession was heterogeneous.…”

Section: Introductionmentioning

confidence: 99%

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Expanding the Markov chain tool box: distributions of occupation times and waiting times

Dudel¹

2017

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Section: Introductionmentioning

confidence: 92%

Section: Datamentioning

confidence: 99%

Section: Estimationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Expanding the Markov chain tool box: distributions of occupation times and waiting times

Dudel¹

2017

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Exploring the Geography of Subjective Happiness in Europe During the Years of the Economic Crisis: A Multilevel Modelling Approach

Ballas

Thanis

2022

Soc Indic Res

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This article builds on the efforts by geographers and regional scientists aimed at adding a geographical dimension to the analysis and understanding of happiness and well-being. In particular, the article explores the changes in observed subjective wellbeing measures of residents in countries and regions that were mostly hit by the severe economic crisis and austerity measures. To that end, we present a multilevel modelling approach to the analysis of suitable secondary data derived from the European Social Survey (ESS), as well as relevant contextual regional-level data from Eurostat. The article first presents a brief overview of the state of the art in happiness and well-being research, with particular emphasis on the relatively limited but rapidly growing geographical studies, as well as studies by economists regarding the impact of austerity and inequality upon happiness and well-being. We then present key findings from a comprehensive analysis of European Social Survey data combined with austerity related data at the regional level in order to explore the geography of happiness and well-being in Europe amid times of economic gloom and severe austerity measures. The research presented in this article involves analysis of data before, during and after (or in towards the end of) the crisis and it is aimed at identifying geographical as well as individual socio-economic and demographic factors that may be affecting happiness and well-being and their possible interactions. The model outputs suggest that living in one of the ‘crisis countries’ has a negative impact on subjective happiness around the time when the short, medium and long term effects of the recession would be mostly felt, when compared to ‘Northern European’ countries (controlling for an extensive number of important covariates selected on the basis of previous work). In addition, the results suggest that the happiness levels in ‘crisis countries’ were higher than the Baltic countries in 2014 and 2016 and higher than the Central and Eastern European countries in 2016. An additional interesting finding is that at the time when the effects of the crisis would be mostly felt, populations born in the country where the ESS took place are on average (after controlling for all other covariates) less happy than those born abroad in one of the years (2014) after the breakout of the crisis.

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Working Life Expectancy at Age 50 in the United States and the Impact of the Great Recession

Dudel

Myrskylä

2017

Demography

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A key concern about population aging is the decline in the size of the economically active population. Working longer is a potential remedy. However, little is known about the length of working life and how it relates to macroeconomic conditions. We use the U.S. Health and Retirement Study for 1992-2011 and multistate life tables to analyze working life expectancy at age 50 and study the impact of the Great Recession in [2007][2008][2009]. Despite declines of one to two years following the recession, in 2008-2011, American men aged 50 still spent 13 years, or two-fifths of their remaining life, working; American women of the same age spent 11 years, or onethird of their remaining life, in employment. Although educational differences in working life expectancy have been stable since the mid-1990s, racial differences started changing after the onset of the Great Recession. Our results show that although Americans generally work longer than people in other countries, considerable subpopulation heterogeneity exists. We also find that the time trends are fluctuating, which may prove troublesome as the population ages. Policies targeting the weakest performing groups may be needed to increase the total population trends.

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A lost generation? The financial crisis and the length of working life in Spain

Abstract: Working papers of the Max Planck Institute for Demographic Research receive only limited review. Views or opinions expressed in working papers are attributable to the authors and do not necessarily refl ect those of the Institute.

Cited by 6 publications

References 29 publications

Expanding the Markov chain tool box: distributions of occupation times and waiting times

Expanding the Markov chain tool box: distributions of occupation times and waiting times

Exploring the Geography of Subjective Happiness in Europe During the Years of the Economic Crisis: A Multilevel Modelling Approach

Working Life Expectancy at Age 50 in the United States and the Impact of the Great Recession

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