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Department of Business and Economics, University of Southern Denmark Discussion Papers of Business and Economics
Department of Business and Economics, University of Southern Denmark

No 10/2017:
Multidimensional Welfare Comparisons of EU Member States Before, During, and After the Financial Crisis: A Dominance Approach

M. Azhar Hussain, Nikolaj Siersbæk () and Lars Peter Østerdal

Abstract: How did the financial crisis affect population welfare in EU member states in key dimensions such as income, health, and education? Using EU-SILC data, we seek to answer this question by way of first order dominance comparisons between countries and over time. The novel feature of our study is that we perform welfare comparisons on the basis of multi-level multidimensional ordinal data. We find that the countries most often dominated are southern and eastern European member states, and the dominant countries are mostly northern and western European member states. However, for most country comparisons, there is no dominance relationship. Moreover, only a few member states have experienced a temporal dominance improvement in welfare, and no member states have experienced a dominance deterioration.

Keywords: First order dominance; Multidimensional well-being; Multi-level indicators; EU-SILC; (follow links to similar papers)

JEL-Codes: I31; O52; (follow links to similar papers)

35 pages, July 20, 2017

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