How the Income Situation of Households in the CR Responds to the Economic Development of the Society
The paper deals with the relation between the income situation of households in the Czech Republic and economic growth. The monitoring covers a period of 2005–2010, i.e. a period of a relatively high economic growth and a beginning economic crisis. The period has been chosen based on the available dataset from a survey of the income situation of households and their living conditions - project EU-SILC (European Union Statistics on Income and Living Conditions) - using a unified EU methodology. The income situation of inhabitants has been evaluated from the perspectives of its level and its differentiation. The used indicators were the mean disposable income per a household member, a decile distribution of income, the Gini coefficient for the measurement of income disparities, the poverty threshold and the depth of poverty. The results show that in the years of economic growth, i.e. 2005, 2006, and 2007, indicators of income situation displayed a positive trend – the mean disposable income per a household member increased including the median income situation, the number of households at risk of poverty decreased – in 2008 the proportion of Czech households at risk of poverty achieved the lowest percentage of all EU countries, i.e. 5.56%. The beginning economic recession in 2008 can be observed in the values of macroeconomic indicators. The changes in the income situation of households started to be more markedly manifested as late as in 2010, besides the decrease in the final consumption of households, there was a change in the interannual growth of the mean income of households and an increase in the number of households at risk of poverty. The conclusions prove an up to two-year delay of the impacts of the economic development of the society on the living conditions of households.
|Date of creation:||01 Apr 2013|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nicholas T. Longford & Maria Grazia Pittau & Roberto Zelli & Riccardo Massari, 2010. "Measures of poverty and inequality in the countries and regions of EU," Working Papers 182, ECINEQ, Society for the Study of Economic Inequality.
- Christopher Whelan & Bertrand Maître, 2007. "Income, deprivation and economic stress in the enlarged European Union," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 83(2), pages 309-329, September.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:48778. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.