This Working paper proposes four new composite indicators to measure the wellbeing’s sustainability by using the stock of capitals passed on to the future generations. These indicators measure the evolution of the human, social, natural and economic capital. Their analysis shows that wellbeing’s sustainability in Belgium is questioned due to the diminution of the natural capital.
In this study, we investigate the exit rates from unemployment associated with different levels of education in Belgium during two periods characterised respectively by high (2002-2007) and low economic growth (2009-2014). Our estimated exit probabilities confirm that the chances of leaving unemployment are substantially higher for young unemployed who have followed post-secondary education. Moreover, the probabilities of leaving unemployment for low- and medium-skilled school leavers considerably deteriorated between the two periods. On the one hand, the penalty associated with lower education slightly increased while, on the other hand, the advantage associated with postgraduate tertiary education reinforced itself. Finally, our results show considerable heterogeneity according to region of residence and gender.