IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-19-00569.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I1-P27.pdf
    Download Restriction: no
    ---><---

    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. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. Nenovski, Tome & Smilkovski, Ivica, 2011. "Macedonian economy before and after the global economic crises," MPRA Paper 45928, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Margherita Casini & Francesca Gagliardi & Gianni Betti, 2018. "Sustainable Development Goals indicators: a methodological proposal for a fuzzy Super Index in the Mediterranean area," Department of Economics University of Siena 782, Department of Economics, University of Siena.
    2. Martina Ciani & Francesca Gagliardi & Samuele Riccarelli & Gianni Betti, 2018. "Fuzzy Measures of Multidimensional Poverty in the Mediterranean Area: A Focus on Financial Dimension," Sustainability, MDPI, vol. 11(1), pages 1-13, December.
    3. Margherita Casini & Simone Bastianoni & Francesca Gagliardi & Massimo Gigliotti & Angelo Riccaboni & Gianni Betti, 2019. "Sustainable Development Goals Indicators: A Methodological Proposal for a Multidimensional Fuzzy Index in the Mediterranean Area," Sustainability, MDPI, vol. 11(4), pages 1-25, February.
    4. Ulman Paweł & Ćwiek Małgorzata, 2020. "Housing Poverty in Polish Households and its Diversity," Folia Oeconomica Stetinensia, Sciendo, vol. 20(1), pages 437-455, June.
    5. Giancarlo MANZI & Pier Alda FERRARI & Sonia STEFANIZZI, 2017. "On the Impact of the European Union in Citizens’ Perception of Quality of Life," Departmental Working Papers 2017-08, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    6. Leonardo Casini & Fabio Boncinelli & Caterina Contini & Francesca Gerini & Gabriele Scozzafava, 2019. "A Multicriteria Approach for Well-Being Assessment in Rural Areas," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(1), pages 411-432, May.
    7. 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.
    8. Jaya Krishnakumar & Mario Biggeri & Mauro Vincenzo, 2022. "Eat AND Study but Wii OR Ski! Differentiating Between ‘Basic’ and ‘Non-basic’ Dimensions in a Multidimensional Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(3), pages 1115-1138, October.
    9. Gianni Betti & Costanza Consolandi & Robert G. Eccles, 2018. "The Relationship between Investor Materiality and the Sustainable Development Goals: A Methodological Framework," Sustainability, MDPI, vol. 10(7), pages 1-23, June.
    10. Salinas Fernández, José Antonio & Guaita Martínez, José Manuel & Martín Martín, José María, 2022. "An analysis of the competitiveness of the tourism industry in a context of economic recovery following the COVID19 pandemic," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    11. Wei Su & Gianni Betti & Baris Ucar, 2020. "Longitudinal measures of fuzzy poverty: a focus on Czechia, Hungary and Poland after the crisis," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(1), pages 27-41, February.
    12. Man Liang & Shuwen Niu & Zhen Li & Wenli Qiang, 2019. "International Comparison of Human Development Index Corrected by Greenness and Fairness Indicators and Policy Implications for China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(1), pages 1-24, February.
    13. José Antonio Rodriguez Martin & Juan Dios Jiménez Aguilera & José María Martín Martín & José Antonio Salinas Fernández, 2018. "Crisis in the Horn of Africa: Measurement of Progress Towards Millennium Development Goals," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(2), pages 499-514, January.
    14. Manh Hung Do, 2023. "Saving up and diversifying income for a rainy day: Implications for households' resilience strategies and poverty," TVSEP Working Papers wp-033, Leibniz Universitaet Hannover, Institute for Environmental Economics and World Trade, Project TVSEP.
    15. Usubiaga-Liaño, Arkaitz & Ekins, Paul, 2024. "Methodological choices for reflecting strong sustainability in composite indices," Ecological Economics, Elsevier, vol. 221(C).
    16. Paola Annoni & Nicholas Charron, 2019. "Measurement Assessment in Cross-Country Comparative Analysis: Rasch Modelling on a Measure of Institutional Quality," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(1), pages 31-60, January.
    17. Silvia Fedeli & Vitantonio Mariella & Marco Onofri, 2018. "Determinants of Joblessness During the Economic Crisis: Impact of Criminality in the Italian Labour Market," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(2), pages 559-588, September.
    18. José María Martín Martín & Jose Antonio Salinas Fernández & José Antonio Rodríguez Martín & Juan De Dios Jiménez Aguilera, 2017. "Assessment of the Tourism’s Potential as a Sustainable Development Instrument in Terms of Annual Stability: Application to Spanish Rural Destinations in Process of Consolidation," Sustainability, MDPI, vol. 9(10), pages 1-20, September.
    19. Vijay Verma & Gianni Betti & Francesca Gagliardi, 2017. "Fuzzy Measures of Longitudinal Poverty in a Comparative Perspective," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(2), pages 435-454, January.
    20. Cristina Sechel, 2019. "Happier Than Them, but More of Them Are Happy:Aggregating Subjective Well-Being," Working Papers 2019008, The University of Sheffield, Department of Economics.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-19-00569. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.