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Table 1 Key features of the financial crisis (FC) for the countries in the survey

From: Measures that increase social equality are effective in improving life satisfaction in times of economic crisis

  Severity1 Financial Crises Gini index (World Bank Estimate) Expenditure on social protection PPS in thousand euros How satisfied with life as a whole Unemployment
W-N Δ GDP Rec mnd Start FC2 Start 2nd FC Pre FC Post FC Pre FC Post FC Pre FC Post FC Pre FC Post FC
AT 8713 −1.7 21 20082 20113 29.9 30.5 8.4 10.7 7.6 7.3 0.025 0.037
BE 12,575 −2.1 21 20083 20122 29.1 28.2 7.5 9.1 7.4 7.4 0.037 0.037
BG 8324 −6.1 6 20091 0 34.7 35.4 1.4 2.1 4.6 4.6 0.079 0.103
CH 12,333 −1.6 9 20084 0 33.7 32.2 8.8 10.5 8.0 8.1 0.018 0.024
CY 4409 −1.8 54 20091 20113 31.4 32.9 4.4 5.2 7.3 7.0 0.017 0.071
CZ 12,947 −3.7 27 20084 20114 27.2 26.3 3.3 4.6 6.5 6.6 0.033 0.041
DE 20,568 −4.5 12 20082 0 31.9 30.7 7.8 9.4 6.9 7.3 0.066 0.039
DK 10,836 −2.4 24 20083 20113 27.2 29.0 8.3 10.4 8.5 8.4 0.030 0.036
EE 11,391 −9.2 21 20083 20132 34.7 32.8 1.9 3.0 6.1 6.3 0.023 0.035
ES 13,544 −1.6 48 20082 20112 34.1 35.4 4.5 5.8 7.1 7.2 0.041 0.086
FI 14,275 −6.8 30 20081 20122 27.9 27.5 6.7 8.8 8.0 8.0 0.030 0.033
FR 13,004 −1.7 21 20082 20124 30.9 33.2 8.0 9.6 6.4 6.4 0.041 0.052
GB 16,778 −2.3 15 20082 0 35.1 33.9 6.8 7.6 7.1 7.2 0.030 0.039
GR 9759 −4.8 72 20083 0 34.6 34.4 4.0 5.6 6.4 5.9 0.038 0.070
HU 11,697 −4.0 42 20082 20112 28.3 29.3 3.4 3.8 5.6 5.6 0.034 0.059
IE 15,501 −4.1 30 20081 0 33.1 32.4 5.5 7.1 7.6 6.9 0.027 0.095
IT 3696 −2.9 54 20082 20113 34.5 35.2 6.3 7.8 6.7 6.7 0.046 0.097
NL 13,505 −3.2 39 20082 20112 30.2 28.6 8.6 10.4 7.6 7.8 0.021 0.031
NO 11,702 −2.5 18 20091 20102 28.4 25.9 9.2 11.3 7.8 8.0 0.022 0.023
PL 12,430 −0.4 0 0 0 34.4 32.9 3.0   6.7   0.071 0.047
PT 13,718 −2.3 54 20081 20104 38.1 36.2 4.5 5.2 5.7 5.9 0.036 0.074
RU 10,017 −2.0 12 20083 0 41.5 41.3    5.2 5.6 0.016 0.028
SE 13,161 −3.7 15 20081 0 26.6 27.2 8.5 9.4 7.8 7.9 0.033 0.035
SI 9609 −4.4 42 20083 0 28.2 25.0 4.5 5.2 6.8 6.9 0.043 0.046
SK 8931 −9.1 0 0 0 28.3 26.8 3.1   6.3   0.072 0.054
UA 9987 −1.7 21 20082 20113 29.4 25.4    4.4 4.7 0.038 0.050
  1. Severity measured two ways: 1) length of recession in months, and 2) largest decline in consecutive seasonally adjusted GDP per quartile
  2. Blanks indicate missing data for that time period. Poland and Slovakia did not experience a financial crisis
  3. Data were weighted for both design and sample size
  4. W-N weighted data, GDP Gross Domestic Product, FC Financial Crisis