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Measuring the impact of financial crisis on quality of life in Europe

Gianni Betti (), Antonella D'Agostino (), Giulio Ghellini () and Sergio Longobardi ()
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Antonella D'Agostino: University of Naples "Parthenope"
Giulio Ghellini: University of Siena
Sergio Longobardi: University of Naples "Parthenope"

Economics Bulletin, 2020, vol. 40, issue 1, 292-307

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.

Keywords: Quality of life over time; fuzzy set; propensity score weighting; economic crisis (search for similar items in EconPapers)
JEL-codes: I3 C5 (search for similar items in EconPapers)
Date: 2020-02-05
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