A Comparison of Living Standards Indicators

  • Naďa Hazuchová Department of Marketing and Trade, Faculty of Business and Economics, Mendel University in Brno
  • Jana Stávková Department of Marketing and Trade, Faculty of Business and Economics, Mendel University in Brno
Keywords: living standards, indicator, comparison, meta-analysis, cluster analysis


The paper is a comparison of living standards indicators as a measure of the prevailing situation for the citizens of selected EU countries. The indicators used for comparison were representative of economic, social and environmental influence factors. The indicators were compared by means of meta-analysis, comprising a selection of all 11 chosen indexes (with a set of calculated indicators) and living-standards focused studies. The selected methodology for the meta-analysis is a weighted multiple linear regression. The results of the meta-analysis point to those studies whose indexes show a positive effect and indexes which show a negative effect as regards living standards.


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