The Impact of the Great Recession on Well-Being across Europe Ten Years On: A Cluster Analysis.

Autor:	Croci Angelini, Elisabetta, Farina, Francesco, Sorana, Silvia
Předmět:	GREAT Recession 2008-2013 CLUSTER analysis (Statistics) PRINCIPAL components analysis WELL-being INDUSTRIAL clusters LABOR market
Zdroj:	Economies; May2024, Vol. 12 Issue 5, p115, 17p
Abstrakt:	To evaluate variations in the well-being dimensions of European citizens, we rely upon Principal Component Analysis methodology, whereby a large set of interrelated indicators are reduced to a small number of aggregate synthetic variables. We find that the 2008 crisis impinged differently on the various dimensions of well-being. The evolution of the indicators has affected different clusters of countries in various ways. Most importantly, we observe that there has been a shift of the principal component from the poor in terms of material deprivation to the risk of poverty for the worsening conditions in the labor market. [ABSTRACT FROM AUTHOR]
Databáze:	Complementary Index
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