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Measuring the impact of financial crisis on quality of life in Europe

Author

Listed:
  • Gianni Betti

    (University of Siena)

  • Antonella D'Agostino

    (University of Naples "Parthenope")

  • Giulio Ghellini

    (University of Siena)

  • Sergio Longobardi

    (University of Naples "Parthenope")

Abstract

Improving and monitoring Quality of Life is becoming one of the most important goals of European Union policies. However, its measurement is complex and multi-faceted, as an individual's current and future state of wellbeing depends upon a great number of variables. Moreover, there is no doubt that crisis impacted differentially in European countries. Against this background, the aim of this article is to provide a better understanding of the changes in quality of life in European countries and the role of receiving contexts in influencing these outcomes. In order to achieve it, the paper proposes a multidimensional and fuzzy approach to measure Quality of Life and investigate the evolution of different dimensions of quality life over time by use a propensity score method for isolating the effect of crisis from the net change.

Suggested Citation

  • Gianni Betti & Antonella D'Agostino & Giulio Ghellini & Sergio Longobardi, 2020. "Measuring the impact of financial crisis on quality of life in Europe," Economics Bulletin, AccessEcon, vol. 40(1), pages 292-307.
    • Handle: RePEc:ebl:ecbull:eb-19-00569
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    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I1-P27.pdf
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    References listed on IDEAS

    as
    1. Gianni Betti, 2017. "What impact has the economic crisis had on quality of life in Europe? A multidimensional and fuzzy approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(1), pages 351-364, January.
    2. Vincenzo Mauro & Mario Biggeri & Filomena Maggino, 2018. "Measuring and Monitoring Poverty and Well-Being: A New Approach for the Synthesis of Multidimensionality," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(1), pages 75-89, January.
    3. Gianni Betti & Rossella Soldi & Ilija Talev, 2016. "Fuzzy Multidimensional Indicators of Quality of Life: The Empirical Case of Macedonia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(1), pages 39-53, May.
    4. Noelia Somarriba Arechavala & Pilar Zarzosa Espina & Bernardo Pena Trapero, 2015. "The Economic Crisis and its Effects on the Quality of Life in the European Union," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(2), pages 323-343, January.
    5. Gianni Betti, 2017. "Fuzzy measures of quality of life in Germany: a multidimensional and comparative approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(1), pages 23-34, January.
    6. Nenovski, Tome & Smilkovski, Ivica, 2011. "Macedonian economy before and after the global economic crises," MPRA Paper 45928, University Library of Munich, Germany.
    7. Enrico Ivaldi & Guido Bonatti & Riccardo Soliani, 2016. "The Construction of a Synthetic Index Comparing Multidimensional Well-Being in the European Union," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 125(2), pages 397-430, January.
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    Cited by:

    1. Mohammad Mazharul Islam & Mohammad Muzahidul Islam & Haitham Khoj, 2022. "Coping Mechanisms and Quality of Life of Low-Income Households during the COVID-19 Pandemic: Empirical Evidence from Bangladesh," Sustainability, MDPI, vol. 14(24), pages 1-24, December.

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    More about this item

    Keywords

    Quality of life over time; fuzzy set; propensity score weighting; economic crisis;
    All these keywords.

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

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