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Measuring Welfare Comparisons of EU Member States Before, During, and After the Financial Crisis: A Dominance Approach

Author

Listed:
  • Hussain, M. Azhar

    (Roskilde University)

  • Siersbæk, Nikolaj

    (University of Southern Denmark)

  • Lars Peter, Østerdal

    (Department of Economics, Copenhagen Business School)

Abstract

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.

Suggested Citation

  • Hussain, M. Azhar & Siersbæk, Nikolaj & Lars Peter, Østerdal, 2017. "Measuring Welfare Comparisons of EU Member States Before, During, and After the Financial Crisis: A Dominance Approach," Working Papers 2-2018, Copenhagen Business School, Department of Economics, revised 01 Jul 2018.
    • Handle: RePEc:hhs:cbsnow:2018_002
    Note: 2. version of WP - previous version July 2017
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    More about this item

    Keywords

    first order dominance; multidimensional well-beeing; multi-level indicators; EU-SILC;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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