Examining the relationships between income inequalities and different dimensions of well-being in selected Central Eastern European (CEE) countries

This article examines the relationships between different dimensions of well-being and income inequalities across selected Central Eastern European countries after joining the European Union in 2004. Regarding the multivariety of well-being concept, it explores its 5 dimensions (material dimension,...

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Published in:PloS one 2021-04, Vol.16 (4), p.e0250469
Main Authors: Szczepaniak, Małgorzata, Geise, Andrzej
Format: Article
Language:English
Subjects:
Analysis
Biology and Life Sciences
Canals
Demographic aspects
Education
Environmental education
GDP
Gross Domestic Product
Happiness
Income
Income distribution
Income inequality
Kopernik, Mikolaj (Nicolaus Copernicus) (1473-1543)
Medicine and Health Sciences
Natural environment
People and places
Social mobility
Social Sciences
Socioeconomics
Standard of living
Upward mobility
Well being
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Geise, Andrzej
description This article examines the relationships between different dimensions of well-being and income inequalities across selected Central Eastern European countries after joining the European Union in 2004. Regarding the multivariety of well-being concept, it explores its 5 dimensions (material dimension, health dimension, education dimension, environmental dimension, happiness). Accounting for the interactions between dimensions of well-being matters for the inequalities, we conducted an in-depth analysis by adopting PMG estimation and panel ARDL model to assess the short-run and long-run links between variables. The results of conducted analysis allowed us to identify the canals through which income inequalities are linked directly or indirectly with the particular dimensions of well-being. In the long run, all the dimensions of well-being significantly affected income inequalities, and income inequality shaped material dimension, health, education, natural environment, and happiness. However, in the short run, the only dimension that shaped income inequalities was education. Income inequalities directly affected both health dimension and happiness.
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Regarding the multivariety of well-being concept, it explores its 5 dimensions (material dimension, health dimension, education dimension, environmental dimension, happiness). Accounting for the interactions between dimensions of well-being matters for the inequalities, we conducted an in-depth analysis by adopting PMG estimation and panel ARDL model to assess the short-run and long-run links between variables. The results of conducted analysis allowed us to identify the canals through which income inequalities are linked directly or indirectly with the particular dimensions of well-being. In the long run, all the dimensions of well-being significantly affected income inequalities, and income inequality shaped material dimension, health, education, natural environment, and happiness. However, in the short run, the only dimension that shaped income inequalities was education. 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subjects Analysis
Biology and Life Sciences
Canals
Demographic aspects
Education
Environmental education
GDP
Gross Domestic Product
Happiness
Income
Income distribution
Income inequality
Kopernik, Mikolaj (Nicolaus Copernicus) (1473-1543)
Medicine and Health Sciences
Natural environment
People and places
Social mobility
Social Sciences
Socioeconomics
Standard of living
Upward mobility
Well being
title Examining the relationships between income inequalities and different dimensions of well-being in selected Central Eastern European (CEE) countries
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