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Quality of Life in the European Union

In: Economic Development and Resilience by EU Member States

Author

Listed:
  • Kesra Nermend
  • Simon Grima

Abstract

Purpose:This study aims to investigate the complex and multifaceted issue of changes in the quality of life of residents of the European Union (EU) member states from a dynamic perspective. This issue encompasses various social, economic, and political dimensions. Methodology: This study uses the vector measure construction method (VMCM) to compare the quality of life in 27 EU countries since 2004. The VMCM approach, based on vector calculus properties, uses a scalar product to analyse the actual objects of analysis. Indicators such as per capita income, housing conditions, healthcare, education, and social and environmental inequality will be identified. The aggregate measure and available data will be used to create a ranking of the quality of life in each EU country, with the top-ranked country serving as a benchmark for comparison in the second phase. Results: This study reveals that Ireland, Greece, Cyprus, and Luxembourg are the top performers in quality of life, while Hungary and Bulgaria consistently rank lower. Malta and Estonia show improvements in education, gross domestic product (GDP) per capita, income, and employment rates, while Poland and Spain experience declines. Slovenia is the top performer, followed by Malta and Lithuania, which have improved their ranking over time. Practical implications: This study underscores the dynamic nature of quality of life and provides valuable insights for policymakers and researchers alike.

Suggested Citation

  • Kesra Nermend & Simon Grima, 2024. "Quality of Life in the European Union," Contemporary Studies in Economic and Financial Analysis, in: Economic Development and Resilience by EU Member States, volume 115, pages 177-200, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-375920240000115011
    DOI: 10.1108/S1569-375920240000115011
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    More about this item

    Keywords

    VMCM; quality of life; MCDA – multicriteria decision-making; MCA – multidimensional comparative analysis; aggregate measure; quality of life in the EU; D15; J17;
    All these keywords.

    JEL classification:

    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income

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