Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/262735 
Year of Publication: 
2022
Series/Report no.: 
GLO Discussion Paper No. 1144
Publisher: 
Global Labor Organization (GLO), Essen
Abstract: 
The European sovereign debt crisis resulted in policies of fiscal austerity and economic downturn in Greece, marked by a prolonged period of recession and high unemployment. This article explores the social impact of the economic crisis, focusing on its effects on altruism using new household-level survey data and quasi-behavioral outcomes. We focus on the effects of joblessness, the most severe form of economic hardship imposed as a result of the crisis. Our findings reveal a strong relationship between job loss in the household and decreased altruism. We provide experimental evidence of these effects and of in-group bias in charitable giving as a result of joblessness. Our results show that joblessness intensifies survey respondents' preferences for national as opposed to foreign charities.
Subjects: 
Austerity
solidarity
altruism
joblessness
JEL: 
D64
E64
C93
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.