Macro & micro aspects of the standard of living and quality of life in a small transition economy: The case of Croatia

Dajana Cvrlje (dcvrlje@efzg.hr) and Tomislav Coric
Additional contact information
Dajana Cvrlje: Faculty of Economics and Business, University of Zagreb

No 1002, EFZG Working Papers Series from Faculty of Economics and Business, University of Zagreb

Abstract: Increasing role of quality of life and standard of living took place in countries all over the world, especially nowadays, when numerous effects of the global crisis are felt all over the world. Emerging crisis caused many problems; thereby, in the current situation it is interesting to examine the level of the quality of life and standard of living. The purpose of this paper is to define standard of living and quality of life using objective and subjective indicators. Moreover, special emphasis is on the evaluation of quality of life and living standard in Croatia. After short overview of general development of concepts of standard of living and quality of life, situation in Croatia is analyzed in more details by using different indicators; GDP per capita, shopping basket, GFK basket, households’ expenditures, poverty rate, income inequality, HDI, life satisfaction and happiness, deprivation and optimism about the future. The measures show an increase in the standard of living and quality of life in Croatia, but more importantly, they also show the trend of constant increase in the living costs and the rate of poverty. The level of HDI suggests high level of human development and the results of the level of satisfaction imply that people in Croatia are moderately satisfied with their lives and enjoy a rather high level of happiness. Concerning optimism about the future, Croatian people are mostly optimistic.

Keywords: standard of living; quality of life (search for similar items in EconPapers)
JEL-codes: I31 (search for similar items in EconPapers)
Pages: 12
Date: 2010-08-26
New Economics Papers: this item is included in nep-hap and nep-tra
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://web.efzg.hr/repec/pdf/Clanak%2010-02.pdf First version, 2010 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zag:wpaper:1002

Access Statistics for this paper

More papers in EFZG Working Papers Series from Faculty of Economics and Business, University of Zagreb Contact information at EDIRC.
Bibliographic data for series maintained by WPS (wps@efzg.hr this e-mail address is bad, please contact repec@repec.org).