Prague Economic Papers 2018, 27(4):379-396 | DOI: 10.18267/j.pep.658

Economic Sentiment Level versus the Quality of Life in European Union Member States

Robert Skikiewicz1, Krzysztof Blonski2
1 Department of Market Research and Services, Poznan University of Economics and Business, Poznan, Poland (r.skikiewicz@ue.poznan.pl)
2 Marketing Department, University of Szczecin, Szczein, Poland (kblonski@wneiz.pl)

The purpose of this paper is to evaluate the interplay between variables pertaining to the satis-faction of life and economic sentiments of citizens of selected European countries. The analysis of the connections will be conducted based on existing subjective primary data. The data in question are results of international comparative surveys (European Social Survey, ESS; the OECD's Better Life Initiative) and results of consumer economic sentiment surveys ordered by the European Commission. The research procedure also benefitted from the selected items of literature available in the form of books and articles. Population economic sentiments are subject to cyclical changes connected with the changes in economic situation in individual countries. The analysis of secondary data allows for the con-clusion that there is a statistically significant direct or indirect strong relationship between assessments of life satisfaction and consumer confidence indicator. The grouping of the researched countries based on secondary data has made it possible to capture the similarities between individual states.

Keywords: economic sentiment, life satisfaction, European Union
JEL classification: D12, I31

Published: August 1, 2018  Show citation

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Skikiewicz, R., & Blonski, K. (2018). Economic Sentiment Level versus the Quality of Life in European Union Member States. Prague Economic Papers, 27(4), 379-396. doi: 10.18267/j.pep.658
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