What childhood characteristics predict psychological resilience to economic shocks in adulthood?

Publication type

Journal Article

Author

Publication date

December 15, 2014

Summary:

This paper investigates whether people’s psychological resilience to one of the most important economic shocks – job loss – can be predicted using early childhood characteristics. Using a longitudinal data that tracked almost 3000 children into adulthood, we showed that the negative effect of unemployment on mental well-being and life satisfaction is significantly larger for workers who, as adolescents, had a relatively poor father-child relationship. Maternal unemployment, on the other hand, is a good predictor of how individuals react psychologically to future unemployment. Although the results should be viewed as illustrative and more research is needed, the current article provides new longitudinal evidence that psychological resilience to job loss may be determined early on in the life cycle.

Published in

Journal of Economic Psychology

Volume and page numbers

Volume: 45 , p.84 -101

DOI

http://dx.doi.org/10.1016/j.joep.2014.08.003

ISSN

1674870

Subjects

Notes

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