Report
How has the well-being of Europeans changed since the creation of the euro?
When we want to measure well-being, we have to weigh: Growth in per capita GDP and in real per capita wages; The employment rate, the unemployment rate and the youth unemployment rate; Income and wealth inequalities; The percentage of the population below the poverty line; The generosity of social welfare; Changes in life expectancy; Changes in relative residential real estate prices. We conclude that the well-being of the inhabitants of the euro zone has increased since 1999, despite the slight rise in inequality, the increase in poverty and the rise in real estate prices, due to the rise in per capita income and in the employment rate, the fall in the overall unemployment rate and the youth unemployment rate, and the rise in the generosity of social welfare and in life expectancy, which does not necessarily correspond to their perception of the evolution of well-being.
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Natixis
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