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Modeling selected indicators of the financial situation of households in the Czech Republic


  • Hana Řezanková


The aim of the paper is to estimate models for household classifi cation from the point of view of their financial situation. The models are constructed on the basis of data from the Living Conditions 2010 survey. The target indicators are the possibility of a household to afford a week-long vacancy outside home, the possibility of a household to afford paying an unplanned expenditure in a certain amount, and an evaluation of how a household is economical with its income. The explanatory indicators are the gender of the head of the household (HOH), the education level of the HOH, the marital status of the HOH, the age of the HOH, and the household type according to the OECD classifi cation. For this purpose, classifi cation trees and logistic regression were applied. The models obtained were evaluated according to the total success rate and the F-measure. The education level of the head of the household was found to be the most important indicator for the prediction.

Suggested Citation

  • Hana Řezanková, 2013. "Modeling selected indicators of the financial situation of households in the Czech Republic," Acta Oeconomica Pragensia, University of Economics, Prague, vol. 2013(3), pages 32-50.
  • Handle: RePEc:prg:jnlaop:v:2013:y:2013:i:3:id:403:p:32-50

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    References listed on IDEAS

    1. Schwerdt, Guido, 2005. "Why does consumption fall at retirement? Evidence from Germany," Economics Letters, Elsevier, vol. 89(3), pages 300-305, December.
    2. Andrew Mason & Ronald Lee & An-Chi Tung & Mun-Sim Lai & Tim Miller, 2009. "Population Aging and Intergenerational Transfers: Introducing Age into National Accounts," NBER Chapters,in: Developments in the Economics of Aging, pages 89-122 National Bureau of Economic Research, Inc.
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    More about this item


    Czech households; financial indicator; household classification; classification tree; binary logistic regression; multinomial logistic regression; F-measure;

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • D19 - Microeconomics - - Household Behavior - - - Other
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other


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