The Economic Side of Social Relations: Household Poverty, Adolescents’ Own Resources and Peer Relations (2024)

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Volume 23 Issue 4 September 2007
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Elin Olsson

Elin Olsson, Swedish Institute for Social Research (SOFI), Stockholm University, SE-106 91 Stockholm, Sweden.

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European Sociological Review, Volume 23, Issue 4, September 2007, Pages 471–485, https://doi.org/10.1093/esr/jcm016

Published:

16 May 2007

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Received:

01 June 2006

Published:

16 May 2007

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    Elin Olsson, The Economic Side of Social Relations: Household Poverty, Adolescents’ Own Resources and Peer Relations, European Sociological Review, Volume 23, Issue 4, September 2007, Pages 471–485, https://doi.org/10.1093/esr/jcm016

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Abstract

While sociological theory suggests that economic resources, through the social side of consumption, are important to social relations, few studies have investigated this relation empirically. The present article examines the relationship between adolescents’ (aged 10–18 years) economic resources and social relations with peers using interview data from the Swedish Level of Living Survey 2000 and from Statistics Sweden's Living Conditions Survey 2001–2003 (n = 5,388). Several indicators of economic resources and social relations reported by adolescents and their parents, as well as register data on household income, are used. The analyses show that economic resources, both in terms of household economy and adolescents’ own resources, are positively associated with social relations. Child poverty and relative deprivation appear to have sizeable effects on some dimensions of social relations. These results are robust for a number of controls of household characteristics and are valid across age groups and for both sexes. The analyses also suggest that the intra-household distribution of resources matters for adolescents’ social relations.

© The Author 2007. Published by Oxford University Press. All rights reserved. For permissions, please e-mail: journals.permissions@oxfordjournals.org

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The Economic Side of Social Relations: Household Poverty, Adolescents’ Own Resources and Peer Relations (2024)

FAQs

What are the economic social and personal impacts of poverty? ›

The social consequences of poverty include family issues, impacts on social and cultural lives, and higher rates of crime and victimisation. The economic consequences of poverty are a lack of social mobility, problems with housing and homelessness, and a segregated society.

How are social and economic factors responsible for poverty? ›

Lack of education, cultural and religious discrimination, overpopulation, unemployment, and corruption are other socio-cultural factors responsible for poverty. As the economy grows, so does opportunities for employment and income growth. ... These are economic factors responsible for poverty.

What are the economic aspects of poverty? ›

When evaluating poverty in statistics or economics there are two main measures: absolute poverty which compares income against the amount needed to meet basic personal needs, such as food, clothing, and shelter; secondly, relative poverty measures when a person cannot meet a minimum level of living standards, compared ...

Is poverty an economic issue? ›

Poverty is a multidimensional problem that goes beyond economics to include, among other things, social, political, and cultural issues (see Box 1). Therefore, solutions to poverty cannot be based exclusively on economic policies, but require a comprehensive set of well-coordinated measures.

What are the social economic challenges of poverty? ›

Socio-economic explanations of poverty identify factors that have negative influence on an individuals' economic activity including gender, lack of education, cultural and religious discrimination; and social conditions arising from overpopulation, unemployment, chronic illness and corruption.

What is the role of economic development in poverty? ›

Economists believe that economic growth benefits nearly all citizens of a country and therefore reduces poverty. If economic growth raises the income of everyone in a society in an equal proportion, then the distribution of income will not change.

Why is poverty a social problem? ›

First, a high rate of poverty impairs our nation's economic progress: When a large number of people cannot afford to purchase goods and services, economic growth is more difficult to achieve. Second, poverty produces crime and other social problems that affect people across the socioeconomic ladder.

What are the five impacts of poverty? ›

Poverty, and all the ills associated with it, such as hunger, disease, inequality, violence, exploitation, and unemployment, increase the risk of non-schooling and increase the school drop-out rates.

How does poverty affect personal? ›

There may also be intense feelings of anxiety, depression, and low self-esteem. Parents may face chronic symptoms from the effects of poverty like stress and depression. Married couples may also feel marital distress and exhibit tougher parenting behaviors.

What are the social and economic factors and their impact? ›

Social and economic factors include factors such as income, education, employment, community safety and social support. The choices that are available in a community are impacted by social and economic factors. These choices include our abilities to afford medical care and housing and to manage stress.

What is social impact and economic impact? ›

An economic impact is part of a social impact, but social impact is more than economic impact. Social impact is the sum of economic, political and cultural impacts.

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