Year: 2025
Type: article
Abstract: Global crises (2008 and 2020) have determined insecure conditions in economic and financial systems. The recovery has been particularly slow in Europe compared to the USA, though a certain heterogeneity in the recovery speed was observed among European countries. Results from household surveys have highlighted that households are worried about their ability to recover from economic losses. The aim of this work is to propose a definition of economic resilience and a new measure, which can be calculated at individual or household level. The measurement suggested is based on the comparison of the levels of an economic resource observed over a period after a loss. The measure is proven to satisfy some desirable properties. An application of the proposed measures to the SOEP longitudinal dataset highlights the household characteristics that mostly affect economic resilience in Germany.
Source: Social Indicators Research
Institution: University of Bologna
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,290
Award: G1717723436
OpenAlex ID: W4414552978