NDLI: Pre- and Post-crisis Life-Satisfaction and Social Trust in Transitional Countries: An Initial Assessment

Content Provider	Springer Nature Link
Author	Habibov, Nazim Afandi, Elvin
Copyright Year	2014
Abstract	The purpose of this paper is to assess changes of life-satisfaction and trust in transitional countries as well as their interaction resulting from the global economic and financial crisis of 2007, and its aftermath. For all indicators used, the level of life-satisfaction significantly decreased in transitional countries after the crisis. The smallest reduction can be observed in general life-satisfaction, while the reduction was larger for economic satisfaction and for confidence in better life of children. However, change in post-crisis trust experienced a mixed picture. Levels of institutional trust decreased after crisis, while the degree of interpersonal trust increased. Interpersonal trust continued to have a positive impact on life-satisfaction after the crisis, but the magnitude of its effect stagnated during the post-crisis period. Conversely, the significant magnitude of institutional trust effect grew after crisis for all types of indicators used. These findings suggest that both interpersonal and institutional trust, which are used here as indicators of social capital, are powerful resources that can directly improve life-satisfaction during transition. Most importantly, these resources can be employed to mitigate the outcomes of the crisis.
Starting Page	503
Ending Page	524
Page Count	22
File Format	PDF
ISSN	03038300
Journal	Social Indicators Research
Volume Number	121
Issue Number	2
e-ISSN	15730921
Language	English
Publisher	Springer Netherlands
Publisher Date	2014-04-30
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Subjective wellbeing Global crisis Transition Sociology Quality of Life Research Microeconomics Public Health Human Geography
Content Type	Text
Resource Type	Article
Subject	Sociology and Political Science Arts and Humanities Developmental and Educational Psychology

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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