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Ask not what your country can do for you': Legacies of the Great Recession and the consequences of the 'trust crisis

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Listed:
  • Alia Aghajanian
  • Rute Martins Caeiro
  • Eva-Maria Egger
  • Patricia Justino
  • Maria C. Lo Bue

Abstract

This paper investigates how persistent changes in trust caused by the Great Recession have affected how governments and citizens across Europe responded to the next global crisis: the COVID-19 pandemic. We show that increases in individualism and mistrust towards institutions caused by individual exposure to the 2007-08 global financial crisis across European regions shaped citizens' responses to public health policies to curtail the spread of the COVID-19 pandemic almost 15 years later.

Suggested Citation

  • Alia Aghajanian & Rute Martins Caeiro & Eva-Maria Egger & Patricia Justino & Maria C. Lo Bue, 2023. "Ask not what your country can do for you': Legacies of the Great Recession and the consequences of the 'trust crisis," WIDER Working Paper Series wp-2023-111, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2023-111
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    References listed on IDEAS

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    More about this item

    Keywords

    Trust; Social contract; Recession; Europe; Public health; COVID-19;
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