Young People’s Development and the Great Recession
The 2007–8 financial crisis and subsequent 'Great Recession' particularly affected young people trying to make their way from education into the labour market at a time of economic uncertainty and upheaval. This is the first volume to examine the impact of the Great Recession on the developmental stage of young adulthood, a critical phase of the life course that has great significance in the foundations of adult identity. Using evidence from longitudinal data sets spanning three major OECD countries, these essays examine the recession's effects on education and employment outcomes and consider the wider psycho-social consequences, including living arrangements, family relations, political engagement, and health and well-being. While the recession intensified the impact of pre-existing trends towards a prolonged dependence on parents and, for many, the precaritisation of life chances, the findings also point to manifestations of resilience, where young people countered adversity by forging positive expectations of the future.
Recasts the concept of youth transitions within a contemporary life course perspective, taking into account micro and macro influences
Provides a more holistic understanding of recession effects, and offers pointers where new policy regarding, for example, education and training is urgently needed; Draws on data collected for a number of large-scale, national representative and longitudinal data sets; Illustrates the role of social policy in buffering the effects of the recession, and how these vary across countries.
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- 2017 Cambridge University Press
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