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Measuring impacts of the economic crisis on well-being in Europe using a comprehensive measure

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If you have a question about this talk, please contact Youyou Wu .

In economic or political research, population well-being is commonly assessed using a single item for life satisfaction or happiness. However, this approach has many limitations for use in effective policymaking, which have appeared in various attempts to understand the impact of the recent economic crisis. Using data from the well-being module of the 2006 and 2012 rounds of the European Social Survey, well-being was tested in 21 countries. The existing framework used for this allows for testing individual dimensions of well-being as well as looking at a more comprehensive level. This approach resulted in clear patterns within and between national outcomes as well as for specific demographic groups. Descriptive approaches also highlight specific areas of improvement and concern. While it may have been assumed that the recession experienced in the past decade had a directly negative impact on the prevalence of those flourishing, these results support similar findings that the actual impact is far more nuanced.

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