Individual, Community and Societal Effects of the Global Financial Crisis: a Bioecological Model

Abstract

Prior research suggests that the current economic crisis has negative impacts on population mental health, while some studies show that the recession also causes positive effects. This paper aims to understand the individual, community and societal effects of the global financial crisis by examining several studies using the bioecological model. The analysis suggests that coping methods for the global financial crisis are highly associated with: social policies and labour market programmes, social support, employment status and individual vulnerability.