In this paper we examine trends in economic well-being in transition countries from 1988-2002. To do this, we examine economic performance, inequality-adjusted well-being measures, subjective well-being measures, and non-income dimensions of well-being. While for some of the transition countries in Central Europe, the level of well-being is now higher than prior to transition, it is far below those levels in most other transition countries. The only indicator which has shown consistent improvements are measures of political and civil liberties.
Working Paper 004