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Youth and the Great Recession: Are values, achievement orientation and outlook to the future affected?

Schoon, I; Mortimer, J; (2017) Youth and the Great Recession: Are values, achievement orientation and outlook to the future affected? International Journal of Psychology , 52 (1) pp. 1-8. 10.1002/ijop.12400. Green open access

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Abstract

This special section brings together leading experts in psychology and sociology to examine the consequences of the Great Recession for young people's values, achievement orientation, and outlook to the future. Evidence from Europe and the United States suggests that the impact of the recession varies for distinct outcomes and by age, the latter pointing to potential sensitive periods for interventions. Although the direct effects of the recession are not strong, they accelerate pre-existing trends towards more prolonged and precarious transitions to independence, and are likely to bring with them long-term scarring with respect to health and well-being. While feelings of self-confidence and self-worth have eroded, young people continue to subscribe to the "American Dream," the belief that in principle it is possible to make it - even if limitations to one's own capabilities are recognised. Trust in institutions has declined, but support and concern for others have increased, suggesting that in times of economic hardship and uncertainty social relationships become more salient. Young people's response to the recession appears to be less of a "me-first" reaction than "let's help each other": a form of "collective agency" to counter the inadequacy of social safety nets.

Type: Article
Title: Youth and the Great Recession: Are values, achievement orientation and outlook to the future affected?
Open access status: An open access version is available from UCL Discovery
DOI: 10.1002/ijop.12400
Publisher version: http://dx.doi.org/10.1002/ijop.12400
Language: English
Additional information: Copyright © 2016 International Union of Psychological Science. This is the peer reviewed version of the following article: [Schoon, I. and Mortimer, J. (2017), Youth and the Great Recession: Are values, achievement orientation and outlook to the future affected?. International Journal of Psych, 52: 1–8. doi: 10.1002/ijop.12400], which has been published in final form at http://dx.doi.org/10.1002/ijop.12400. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Keywords: Great Recession; Young people; Values; Aspirations
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Social Research Institute
URI: https://discovery.ucl.ac.uk/id/eprint/1536204
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