The Scarring Effect of the 2008 Economic Crisis: Growth and Growth Decline in Austria’s Nonprofit Social Services Sector

Pennerstorfer, Astrid ORCID: https://orcid.org/0000-0001-8975-6258 and Reitzinger, Stephanie and Schneider, Ulrike (2020) The Scarring Effect of the 2008 Economic Crisis: Growth and Growth Decline in Austria’s Nonprofit Social Services Sector. VOLUNTAS, 31. pp. 1173-1187. ISSN 0957-8765

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Abstract

Since the 2008 economic crisis, social service providers worldwide have reported funding cuts, while the need for some social services has been increasing. This paper examines the combined and longer-term effects of such divergent developments on the nonprofit social services sector. The empirical analysis uses Austrian administrative data on six subfields of the sector covering the years 2003–2017. We investigate significant changes in the trends of four growth indicators applying interrupted time series analysis. We find that the 2008 economic crisis is associated with persistently lower growth rates in Austria’s nonprofit social services sector. The magnitude of this dampening effect differs across subsectors. Additionally, our findings suggest an increase in market concentration. Hence, the study discloses a long-term scarring effect of the economic crisis on Austria’s social services sector, raising doubts on the sector’s future resilience.

Item Type: Article
Additional Information: Open access funding provided by Vienna University of Economics and Business (WU).
Keywords: Social services, Economic crisis, Austria, Interrupted time series analysis, Austerity, Third sector
Divisions: Departments > Sozioökonomie > Sozialpolitik
Version of the Document: Published
Depositing User: Gertraud Novotny
Date Deposited: 19 May 2020 09:37
Last Modified: 23 Nov 2020 14:12
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/95614/
URI: https://epub.wu.ac.at/id/eprint/7605

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