IDEAS home Printed from https://ideas.repec.org/a/rom/mancon/v18y2024i1p540-547.html
   My bibliography  Save this article

The Standard Of Living In The Countries Of The European Union

Author

Listed:
  • Romeo Catalin CRETU
  • Ovidiu BUZOIANU
  • Laurentiu Eduard ION
  • Emil GRATIANU

Abstract

The analysis of living standards has long been a central element in macroeconomic studies, given that the impact of quality of life on the economic health of a nation is considerable. The quality of life of citizens is directly correlated with economic productivity, consumption, as well as health and education. Therefore, understanding the extent to which the population enjoys well-being or lives in conditions that satisfy its basic needs becomes essential. This implies the use of indicators of a complex nature that, above all, reflect the state of the economy. In this context, both developed and developing countries focus their attention on living standards, considering them a much more revealing indicator of economic performance than the simple analysis of gross domestic product (GDP). The purpose of this paper is to explore how the perception of living standards has changed over time and to identify the factors that have influenced these changes.

Suggested Citation

  • Romeo Catalin CRETU & Ovidiu BUZOIANU & Laurentiu Eduard ION & Emil GRATIANU, 2024. "The Standard Of Living In The Countries Of The European Union," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(1), pages 540-547, November.
    • Handle: RePEc:rom:mancon:v:18:y:2024:i:1:p:540-547
    DOI: 10.24818/IMC/2024/05.07
    as

    Download full text from publisher

    File URL: https://conference.management.ase.ro/archives/2024/PDF/5_7.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.24818/IMC/2024/05.07?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stefano Bartolini & Małgorzata Mikucka & Francesco Sarracino, 2017. "Money, Trust and Happiness in Transition Countries: Evidence from Time Series," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(1), pages 87-106, January.
    Full references (including those not matched with items on IDEAS)

    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. Mikucka, Malgorzata & Sarracino, Francesco & Dubrow, Joshua K., 2017. "When Does Economic Growth Improve Life Satisfaction? Multilevel Analysis of the Roles of Social Trust and Income Inequality in 46 Countries, 1981–2012," World Development, Elsevier, vol. 93(C), pages 447-459.
    2. Nikolova, Milena, 2016. "Minding the happiness gap: Political institutions and perceived quality of life in transition," European Journal of Political Economy, Elsevier, vol. 45(S), pages 129-148.
    3. Haiyang Lu & Peishan Tong & Rong Zhu, 2020. "Longitudinal Evidence on Social Trust and Happiness in China: Causal Effects and Mechanisms," Journal of Happiness Studies, Springer, vol. 21(5), pages 1841-1858, June.
    4. Jiří Večerník, 2012. "Subjektivní indikátory blahobytu: přístupy, měření a data [Subjective Indicators of Well-Being: Approaches, Measurements and Data]," Politická ekonomie, Prague University of Economics and Business, vol. 2012(3), pages 291-308.
    5. Jiří Večerník, 2014. "Subjektivní blahobyt v České republice a střední Evropě: makro- a mikro-determinanty [Subjective Well-Being in the Czech Republic and Central Europe: Macro- and Micro-Determinants]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(2), pages 249-269.
    6. Francesco Sarracino & Małgorzata Mikucka, 2019. "Consume More, Work Longer, and Be Unhappy: Possible Social Roots of Economic Crisis?," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 14(1), pages 59-84, March.
    7. Ekaterina Skoglund, 2017. "The happiness gap between transition and non-transition countries," IZA World of Labor, Institute of Labor Economics (IZA), pages 357-357, May.
    8. Francesco Sarracino & Marcin Piekałkiewicz, 2021. "The Role of Income and Social Capital for Europeans’ Well-Being During the 2008 Economic Crisis," Journal of Happiness Studies, Springer, vol. 22(4), pages 1583-1610, April.
    9. Nikolova, Milena & Roman, Monica & Zimmermann, Klaus F., 2017. "Left behind but doing good? Civic engagement in two post-socialist countries," Journal of Comparative Economics, Elsevier, vol. 45(3), pages 658-684.
    10. Michal Brzezinski, 2019. "Diagnosing Unhappiness Dynamics: Evidence from Poland and Russia," Journal of Happiness Studies, Springer, vol. 20(7), pages 2291-2327, October.
    11. Vanessa Sha Fan & Renuka Mahadevan, 2019. "The Role of Social Capital and Remote Chinese Villagers’ Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(3), pages 1109-1128, June.
    12. Lewczuk Anna, 2018. "Empowerment Rights and Happiness Gap in Post-socialist Countries," Central European Economic Journal, Sciendo, vol. 5(52), pages 270-295, January.
    13. Jiří Večerník & Martina Mysíková, 2014. "(Un)happy transition? Subjective Well-being in European Countries in 1991-2008 and Beyond," WIFO Working Papers 467, WIFO.
    14. Kaito Doi & Masato Hiwatari, 2023. "Heterogeneous Impacts of Community-Level Trust on Life Satisfaction in Transition Countries: Perspectives on Institutions and Regional Diversity," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 18(6), pages 2895-2934, December.
    15. Yok-Yong Lee & Kim-Leng Goh, 2023. "The Happiness-Economic Well-Being Nexus: New Insights From Global Panel Data," SAGE Open, , vol. 13(4), pages 21582440231, October.
    16. Nie, Peng & Wang, Lu & Dragone, Davide & Lu, Haiyang & Sousa-Poza, Alfonso & Ziebarth, Nicolas R., 2022. "“The better you feel, the harder you fall”: Health perception biases and mental health among Chinese adults during the COVID-19 pandemic," China Economic Review, Elsevier, vol. 71(C).
    17. Slater, Giulia, 2024. "The effects of social capital deprivation for wellbeing: Evidence from the Covid-19 pandemic," Economics & Human Biology, Elsevier, vol. 54(C).
    18. Christoph Glatz & Anja Eder, 2020. "Patterns of Trust and Subjective Well-Being Across Europe: New Insights from Repeated Cross-Sectional Analyses Based on the European Social Survey 2002–2016," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(2), pages 417-439, April.
    19. Huiyu Zhang & Ying Dai & Huimei Liu, 2021. "English Proficiency and Happiness: The Mediation of Income Satisfaction and Leisure Satisfaction and the Moderation of the National Economy," SAGE Open, , vol. 11(4), pages 21582440211, October.
    20. Giacomo Degli Antoni & Chiara Franco, 2022. "The effect of technological behaviour and beliefs on subjective well-being: the role of technological infrastructure," Journal of Evolutionary Economics, Springer, vol. 32(2), pages 553-590, April.

    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:rom:mancon:v:18:y:2024:i:1:p:540-547. 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: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    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.