(Martin-Luther-Universität Halle-Wittenberg) Financial crises not only result in severe disruptions to the economic system, they also affect people's life satisfaction. A new study by Martin Luther University Halle-Wittenberg and the Halle Institute for Economic Research shows: Weaker members of society are more affected by increased uncertainty during crisis times, even if they aren't speculating on the stock market themselves. This could potentially also lower their propensity to consume, thereby intensifying the impact of a financial crisis.
from EurekAlert! - Social and Behavioral Science https://ift.tt/2xfpsZB
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