We will rely on our innovative microsimulation method to analyse the distributional dynamics of well-being over the life cycle for five European countries, reflective of diverse welfare regimes: Germany (conservative), United Kingdom (liberal), Spain (Mediterranean), Poland (post-Communist) and Sweden (Nordic). We will explore how well-being is affected by aggregate and individual crises, distinguishing between personal shocks and macro-economic events.
WELLSIM will advance the literature on well-being and associated fields while the open-source release of the modelling tools, together with detailed documentation and training material, will inspire further research. It involves an extended network of 16 national and international Associate Partners including government representatives, health, education and social services and other relevant organisations across the political spectrum. In collaboration with them, WELLSIM will assess the efficacy of policy interventions designed to enhance the resilience of individual and social well-being to considered crises.