Investment Report 2022/2023: Resilience and renewal in Europe – Chapter 4

About the Economics Department of the EIB The mission of the EIB Economics Department is to provide economic analyses and studies to support the Bank in its operations and to help define its positioning, strategy and policy. [...] this section reviews the primary impact of the pandemic and the subsequent period of high inflation on the distribution of income and wealth, and it describes the main types of policies used to counter the regressive effects of these events. [...] Trends in regional and social cohesion Chapter 4 148 Part IIResilience and renewal Figure 1 Figure 2 Effect of the pandemic and the war in the Effect of the pandemic and the war in Ukraine on households’ financial situation the Ukraine on households’ financial during the preceding 12 months (index points, surplus (index points, changes vs. [...] From august 2020 to august 2021, the price of the consumption basket of the poorest 20% of households in the european Union increased by 11.4%, about 3 percentage points more than the consumption basket of the richest 20% of households. [...] The regressions control for municipality size, cohesion status, purchasing power of the region, number of doctors and hospital beds in the region, unemployment in the region, number of refugees in the country, healthcare, and education spending of the country.