Exploring the Late Impact of the Financial Crisis using Gallup World Poll Data

By: Luisa Natali
Goran Holmqvist
UNICEF Innocenti Research Centre

URL: http://d.repec.org/n?u=RePEc:ucf:inwopa:inwopa728&r=ltv

This paper explores the use of Gallup World Poll Data to assess the impact of the Great Recession on various dimensions of well-being in 41 OECD and/or EU countries from 2007 up until 2013. It should be read as a complementary background paper to the UNICEF Report Card which explores trends in child well-being in EU/OECD countries since 2007/8. Overall the findings provide clear indications that the crisis has had an impact across a number of self-reported dimensions of well-being. Indeed, a strong correlation between the intensity of the recession and the worsening of people’s perceptions about their own life is recorded since 2007. Data also indicate that the impact has still not peaked in a number of countries where indicators were still deteriorating as late as 2013. A “League Table” is also presented where countries are ranked in terms of change between 2007 and 2013 for four selected Gallup World Poll indicators related material well-being, perceptions of how society treats its children, health and subjective well-being.

Keywords: child well-being; economic crisis; indicators; surveys;