The evolution of social vulnerability in Greece during the economic crisis (2008-2017)

Abstract

ABSTRACT After a long period in the doldrums with austerity measures and consecutive bailouts, Greece still bears the scars of the recent financial adventure while strives to recover in a new economic environment. As one of the hardest-hit by the economic crisis Member states, Greece has seen its economic capacity reduced, the unemployment and poverty levels rising, and the living conditions for a significant part of the population and social groups deteriorating. Despite the plethora of analyses on the political and socio-economic perspectives, the evolution of social vulnerability remains a largely unexplored area that merits further investigation and analysis in a crisis-ridden country of the European South. The paper aims to study how social vulnerability has evolved in Greece from 2008 to 2017 using secondary data and descriptive statistics that focus on five key variables (disposable income, education, employment, gender, urban/rural environment) for a better understanding of the domestic social vulnerability dynamics in a period of stark contrasts. Overall, our findings demonstrate an increased risk of social exclusion and a widening of inequality and poverty rates during the stated period.