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Who Are the People at Socio-Economic Risk? Socio-Demographical Analysis of the Czech People in Specific Economical Situations Recognized in Value-Based Risk Prediction Model

Author

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  • Jiří Pospíšil

    (Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic)

  • Ivana Olecká

    (Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic)

  • Nataša Matulayová

    (Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic)

  • Helena Pospíšilová

    (Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic)

  • Pavlína Jurníčková

    (Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic)

  • Pavla Macháčková

    (Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic)

Abstract

The aim of this study was to analyze the dependence of personal economic situation on gender, age, education, occupational status, field of work or study, family situation, and number of children in the family. The research was designed as cross-sectional ex post facto. The survey examined data collected through a structured questionnaire completed and returned by a total of 5175 respondents aged 15+ selected from the general population of the Czech Republic. The statistical significance of hypotheses was tested using χ 2 statistics, and the adjusted residuals z in each cell were calculated. The impacts of socio-demographic factors on specific economic situation were recognized and statistically confirmed. Compared to women, men show higher financial knowledge, which benefits them significantly. Economic situation worsens with increasing age. As education increases, the level of vulnerability decreases, and the individual’s economic situation improves. Protective factors include cohabitation with a partner and having a complete family. People without children are in the best financial situation. The situation gradually worsens with the number of children, and families with five or more children are typically in a negative economic situation with a high level of vulnerability. The specific contribution of our research lies in the inclusion of potential financial risks in the identification of people at risk. We recognized a high-risk group of people—women in a positive economic situation with a high level of risk.

Suggested Citation

  • Jiří Pospíšil & Ivana Olecká & Nataša Matulayová & Helena Pospíšilová & Pavlína Jurníčková & Pavla Macháčková, 2022. "Who Are the People at Socio-Economic Risk? Socio-Demographical Analysis of the Czech People in Specific Economical Situations Recognized in Value-Based Risk Prediction Model," Social Sciences, MDPI, vol. 11(5), pages 1-15, May.
    • Handle: RePEc:gam:jscscx:v:11:y:2022:i:5:p:211-:d:814562
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    References listed on IDEAS

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