Beyond averages: fairness in an economy that works for people : executive summary

Europeans are, on average, better educated and live healthier, longer and more prosperous lives today than at any point in the past. However, this view on average achievements obscures large disparities, both within and between European countries. The income of the richest 20 % of households in Europe is on average 5 times higher than that of the poorest 20 %, and up to 8 times higher in some Member States. Most indicators of well-being display a social gradient according to education level, occupation, income and social status. The Great Recession has reinforced existing socio-economic divides. Vulnerable groups - those with low education levels, the unemployed and individuals with a migrant experience - have largely borne the brunt of the resulting economic downturn and austerity programmes. Southern European countries were hit particularly hard. Growing disparities on multiple socio-economic dimensions have contributed to a sense of unfairness and discontent in Europe. Recent data show that 38 % of Europeans do not believe that they are treated fairly and 41 % do not agree that they have enjoyed equal opportunities in life. Fairness is a subjective phenomenon, but the far-reaching consequences of perceptions of unfairness warrant a closer look at its drivers and underlying dynamics. The present report analyses some of the most pertinent dimensions of fairness in relation to the agenda for a fair, inclusive and social European Union (EU).