COMPOSITE INDICATOR FOR ASSESSING THE POTENTIAL FOR SOCIAL CONVERGENCE IN THE EUROPEAN UNION - METHODOLOGICAL AND APPLIED ASPECTS

Authors

Keywords
European Pillar of Social Rights, Social Rights Indicator, Convergence.

Summary
The aim of this study is to construct a composite Social Rights Indicator to assess the potential for social cohesion in the European Union in the context of the European Pillar of Social Rights (EPSR). The research thesis of the team is that through the quantitative assessment of the potential for convergence in the context of the European Pillar of Social Rights based on the composite indicator of social rights, empirical trends and regularities can be established at European level and Bulgaria's positioning in European social space.

The theoretical and informational aspects of the statistical survey on social rights are presented through the principles of the EPSR and the system of indicators for their characterization. The need to create a composite indicator is justified. The steps for constructing a Social Rights Indicator are described.

As a result of the empirical study of the values of the proposed Social Rights Indicator for the period 2010-2018 through the beta-convergence approach, a process of reducing the differences among the countries included in the study was established - both in the values of the Social Rights Indicator and in the values of its constituent sub-indexes. Following the application of the marginal vertical beta-convergence methodology, it was found that Bulgaria's importance for the cohesion process is positive with regard to the two sub-indices, neutral for the one sub-index and negative for the Social Rights Indicator. The application of the club convergence approach revealed that there is no process of convergence among the countries included in the analysis on the values of social rights indicators.

JEL: C10, C50, D63.
Pages: 33
Price: 3 Points

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