WELL-BEING INEQUALITY AND THE ECONOMIC CRISIS: EVIDENCE FROM LIFE IN TRANSITION SURVEYS IN EASTERN EUROPE

Alina Botezat and Livia Baciu ()
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Livia Baciu: Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi

CES Working Papers, 2014, vol. 6(2), issue 2, 22-31

Abstract: This paper examines the relationship between well-being inequality and the economic crisis for countries from Central and Eastern Europe. Using data from Life in Transition Surveys waves 2006 and 2010, we assess the level of happiness gap by computing the instrument-effect-corrected standard deviation. Our results indicate that the dispersion in self-reported well-being levels increased after the economic crisis in all considered countries. We also show that the life satisfaction variation is not necessarily higher for those who report being poor compared to those from the upper part of the income hierarchy. Results also suggest that in general the gaps are higher in the case of those who report being not affected at all by the economic crisis compared to those who report being affected to a large extent by the crisis.

Keywords: well-being inequality; economic crisis; income inequality; happiness Romania (search for similar items in EconPapers)
JEL-codes: D63 I31 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2014:v:6:i:2:p:22-31

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