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Who have been the most harmed by the crisis? Evidence from Spain

Author

Listed:
  • Rosa María García-FERNANDEZ
  • Carmen Maria Llorca-RODRIGUEA

    (University of Granada, Spain)

Abstract
The aims of this research are to assess the initial impact of the current economic crisis on poverty and social exclusion in Spain and to identify the most vulnerable sectors of society. We apply Probit models to Spanish Income and Living Conditions Surveys of 2007 and 2009 to analyze income poverty and financial function ings of basic material deprivation linking pecuniary and health aspects. Our results show an increment of poverty, above all, extreme poverty, and a worsening of the deprivation risk not only for those with a weaker position in the Spanish labour-market, but for employers and self-employed, as well.In addition, we found changes in risk factors such as educational level and age. These findings should be taken into account when designing the regulatory reforms of social policies and labour market regulations.

Suggested Citation

  • Rosa María García-FERNANDEZ & Carmen Maria Llorca-RODRIGUEA, 2015. "Who have been the most harmed by the crisis? Evidence from Spain," Journal of Economics and Political Economy, KSP Journals, vol. 2(1), pages 23-41, March.
    • Handle: RePEc:ksp:journ1:v:2:y:2015:i:1:p:3-22
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    References listed on IDEAS

    as
    1. Bagchi,Amiya Kumar, 1982. "The Political Economy of Underdevelopment," Cambridge Books, Cambridge University Press, number 9780521284042, September.
    2. Storm, Servaas, 1995. "On the Role of Agriculture in India's Longer-Term Development Strategy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(6), pages 761-788, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Poverty; Probit models; material deprivation.;
    All these keywords.

    JEL classification:

    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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