Scandinavian Working Papers in Economics

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

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
Additional contact information
M. Azhar Hussain: Department of Social Sciences and Business, Postal: Roskilde University, Denmark
Nikolaj Siersbæk: Department of Business and Economics, Postal: University of Southern Denmark, Campusvej 55, DK-5230 Odense M, Denmark
Lars Peter Østerdal: Department of Economics, Postal: Copenhagen Business School, Denmark

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

JEL-codes: I31; O52

35 pages, July 20, 2017

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