Change of living standards in Lithuania, Latvia and Estonia after joining the European Union

Daiva Verkulevičiūtė- Kriukienė

Abstract


This article aims to compare the change of living standard in Lithuania, Latvia and Estonia after joining the European Union. The characteristics of living standard are analyzing before joining the EU and after 2004. It is also compared changes of living standard characteristics after the economic crisis. Indicators of living standard, such as the average monthly gross wages, consumer price index, purchasing power, unemployment rate, at-risk-of-poverty rate and others are calculated and compared. The three Baltic states are not only compared with each other, but are also analyzed in the context of the EU. Thus, it can be stated that among the three Baltic States, Estonia is distinguished by highest living standard. Although before the integration Lithuania was ahead of Latvia, but now Lithuania was lower than Latvia by particular characteristics of living standard.

Key words: living standard, Lithuania, Latvia, Estonia, European Union.

JEL CODES: I31, J31, J64, R13, R 23

DOI: http://dx.doi.org/10.15181/rfds.v14i3.875



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