Impact of the economic crisis: greater income equality but less well-being?

18 May 2010
Claire Dhéret (Head of Social Europe & Well-being programme and Senior Policy Analyst) and Fabian Zuleeg (Chief Executive and Chief Economist)

Despite the overwhelmingly negative impact of the economic crisis on social cohesion, it might well have the paradoxical effect of reducing income and wealth inequalities by impacting disproportionately on those with higher incomes and wealth levels, say Claire Dhéret and Fabian Zuleeg in this Policy Brief. They conclude that to safeguard citizens’ well being, especially for the most vulnerable, policy should focus on access, availability and quality of public services, requiring significant reform in light of the dismal public finance situation. The ‘Europe 2020’ Strategy must have a greater focus on these issues to be relevant to EU citizens.