Welfare and Distributional Impact of Soaring Prices in Europe
by Denisa M. Sologon (Luxembourg Institute for Social and Economic Research (LISER)), Cathal O’Donoghue (National University of Ireland, Galway), Jules Linden (Luxembourg Institute for Social and Economic Research (LISER)), Iryna Kyzyma (Luxembourg Institute for Social and Economic Research (LISER)), and Jason Loughrey, (Teagasc Rural Economy Research Centre)
The current cost of living crisis affects people differently. The authors choose a subset of countries with different inflation experiences in the EU and with different welfare policies to address the cost of living crisis: Finland, Hungary, Ireland, Lithuania, Luxembourg, and Portugal. The comparative angle demonstrates to what extent the distributional and welfare consequences of inflation originating from the same energy crisis differ across countries with different consumption patterns, different levels of dependency on energy imports, and different welfare systems.
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