TY - UNPB
T1 - Multidimensional Welfare Comparisons of EU Member States Before, During, and After the Financial Crisis
T2 - A Dominance Approach
AU - Hussain, M. Azhar
AU - Siersbæk, Nikolaj
AU - Østerdal, Lars Peter
PY - 2018
Y1 - 2018
N2 - How did the financial crisis affect population welfare in EU member states in key dimensions such as income, health, and education? We seek to answer this question by way of welfare comparisons between countries and within countries over time, using EU-SILC data. Our study is novel in using a multidimensional first order dominance comparison approach on the basis of multi-level ordinal data. We find that the countries most often dominated are southern and eastern European member states, and the dominant countries are mostly northern and western European member states. However, for most country comparisons, there is no dominance relationship. Moreover, only a few member states have experienced a temporal dominance improvement in welfare, while no member states have experienced a temporal dominance deterioration during the financial crisis.
AB - How did the financial crisis affect population welfare in EU member states in key dimensions such as income, health, and education? We seek to answer this question by way of welfare comparisons between countries and within countries over time, using EU-SILC data. Our study is novel in using a multidimensional first order dominance comparison approach on the basis of multi-level ordinal data. We find that the countries most often dominated are southern and eastern European member states, and the dominant countries are mostly northern and western European member states. However, for most country comparisons, there is no dominance relationship. Moreover, only a few member states have experienced a temporal dominance improvement in welfare, while no member states have experienced a temporal dominance deterioration during the financial crisis.
KW - First order dominance
KW - Multidimensional well-being
KW - Multi-level indicators
KW - EU-SILC
KW - First order dominance
KW - Multidimensional well-being
KW - Multi-level indicators
KW - EU-SILC
M3 - Working paper
T3 - Working Paper / Department of Economics. Copenhagen Business School
BT - Multidimensional Welfare Comparisons of EU Member States Before, During, and After the Financial Crisis
PB - Copenhagen Business School, CBS
CY - Frederiksberg
ER -