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Komparácia krajín EÚ na základe nástrojov sociálnej politiky na zmiernenie finančnej zraniteľnosti domácností
[Comparison of EU Countries Based on Social Policy Instruments to Mitigate Financial Vulnerability of Households]

Author

Listed:
  • Nikola Šubová

Abstract

The social policy of the European Union is focused mainly on the most vulnerable group of citizens. The social instruments that countries use to increase the living conditions and to decrease social exclusion and vulnerability can differ between countries. The submitted paper uses cluster analysis to compare 27 member states of the European Union based on their social policy instruments in 2019. The study analyses the dependence of social policy instruments and household financial vulnerability using correlation and regression analysis. It examines whether higher levels of social benefits and government expenditure result in lower financial vulnerability. However, the results suggest that the financial vulnerability of households is not associated with low benefits. Clusters reporting a low level of benefits recorded a low financial vulnerability of households and vice versa. Results of the correlation and cluster analysis prove that the increase of the first factor (benefits in material need, expenditure on active labour market policy, family benefits, disability benefits) and the third factor (unemployment benefits) are associated with a decrease in financial vulnerability of households.

Suggested Citation

  • Nikola Šubová, 2023. "Komparácia krajín EÚ na základe nástrojov sociálnej politiky na zmiernenie finančnej zraniteľnosti domácností [Comparison of EU Countries Based on Social Policy Instruments to Mitigate Financial Vu," Politická ekonomie, Prague University of Economics and Business, vol. 2023(1), pages 23-45.
    • Handle: RePEc:prg:jnlpol:v:2023:y:2023:i:1:id:1377:p:23-45
    DOI: 10.18267/j.polek.1377
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    References listed on IDEAS

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    1. Chen Wang & Koen Caminada & Kees Goudswaard, 2012. "The redistributive effect of social transfer programmes and taxes: A decomposition across countries," International Social Security Review, John Wiley & Sons, vol. 65(3), pages 27-48, July.
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    More about this item

    Keywords

    Household; social policy; financial vulnerability; cluster analysis; principal components; factor models;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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