I giovani e la grande recessione

[Autom. eng. transl.] Since 2008, the year in which the "Great Recession" first emerged in North America and then spread to Europe, the economic system of many countries has been put to the test. In addition to the financial crisis that originated with the subprime crisis, the recession had effects on real income, on the value of housing and other forms of wealth, which were downsized, while there were increases in the rate of unemployment and poverty. The human and social costs of unemployment are wider than the temporary reduction in income. These effects concern the psychological well-being, satisfaction and general state of health of individuals (Sutin et al 2013; Campana et al 2011; Giuliano et al 2009). However, during the current recession, some age groups have been hit harder than others. In particular, the recession has led to a renewed attention to the difficulties faced by young people in the labor market, including high unemployment rates, the risk of long-term effects deriving from poor employment results and the consequent risk of social exclusion.