Evaluation of elderly households’ financial standing in Central and Eastern European countries

Marta Borda , Patrycja Kowalczyk-Rólczyńska

Abstract

The purpose of the paper is to analyse and evaluate the financial situation of elderly households in Central and Eastern European (CEE) countries. Current demographic trends simultaneously with reforms of pension systems in the CEE region may lead to an increasing number of elderly households being exposed to poverty risk. In this study, Ward’s method and the method of standardised sums were applied to classify and order the examined countries according to the financial standing of elderly households. The obtained results allow us to identify countries with similar financial situations for elderly households in 2007, 2010 and 2013, and changes in clusters and ranking over the analysed period. The main findings show that the financial situation of the elderly in CEE countries is very differentiated and changeable, however over the analysed period the financial standing of the elderly seems to be most similar in Poland and Slovakia as well as Estonia, Latvia and Lithuania
Author Marta Borda (MISaF / IZF / KU)
Marta Borda,,
- Katedra Ubezpieczeń
, Patrycja Kowalczyk-Rólczyńska (MISaF / IZF / KU)
Patrycja Kowalczyk-Rólczyńska,,
- Katedra Ubezpieczeń
Journal seriesPost-Communist Economies, ISSN 1463-1377, (A 20 pkt)
Issue year2018
Vol30
No5
Pages636-651
Publication size in sheets0.75
Keywords in EnglishElderly households, financial standing, poverty risk, Central and Eastern Europe, cluster analysis
ASJC Classification2002 Economics and Econometrics
DOIDOI:10.1080/14631377.2018.1443248
URL https://www.tandfonline.com/doi/full/10.1080/14631377.2018.1443248
Languageen angielski
Score (nominal)20
ScoreMinisterial score = 20.0, 02-07-2019, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2017 = 0.956; WoS Impact Factor: 2017 = 0.541 (2) - 2017=0.773 (5)
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