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Economic Resourcefulness: Definition and Modeling

Author

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  • Marek Kośny

    (Wroclaw University of Economics)

  • Maria Piotrowska

    (Wroclaw University of Economics)

Abstract

The amount of income earned, wealth and position in the labor market are determined by many factors. Numerous analyses indicate that these characteristics depend on, among others, gender, education, type of work and place of residence. The indicated factors, however, describe individual areas, which significantly hinders the comprehensive analysis and identification of the real determinants. In this context, the purpose of our analysis is to identify and characterize the concept of economic resourcefulness as a key factor conditioning people’s effectiveness functioning on the market, managing the resources they possess, and having the ability to guarantee the economic security of their families. The empirical part of the analysis was carried out on data from a dedicated study conducted in Poland in 2016. Due to the design of the sample, the data from the study will identify the level of resourcefulness for groups of people that differ with respect to the respondents’ age and experiences related to Poland’s political transformation.

Suggested Citation

  • Marek Kośny & Maria Piotrowska, 2019. "Economic Resourcefulness: Definition and Modeling," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(1), pages 425-449, July.
    • Handle: RePEc:spr:soinre:v:144:y:2019:i:1:d:10.1007_s11205-018-2048-3
    DOI: 10.1007/s11205-018-2048-3
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    More about this item

    Keywords

    Economic resourcefulness; Wealth; Income; Economic security; Job satisfaction;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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