Household Economic Security across Cohorts
Maria Piotrowska , Marek Kośny
AbstractThe paper is aimed at explaining differentiation in economic security of households through cohort differences. Identifying cohorts is based on common educational and professional experiences. The research introduces the concept of economic resourcefulness defined as the capability to make economic decisions that contribute to economic security of a household. Economic security of a household is defined as the ability to achieve income necessary for covering household needs at its suitable level and to create financial reserves to be at disposal in case of unfavorable accidence. The research uses an exploratory analysis based on structural equation modeling. The questionnaire survey carried out in Poland in 2013 is a source of data for observed variables in an empirical model of economic security. The findings confirm that common educational and professional experiences, controlling for economy conditions, influence economic resourcefulness of household’s members and, as a consequence, their economic security. The conclusion, however, refers to the Polish society and socio-economic development experienced by cohorts of Poles since 1990.
|Publication size in sheets||0.5|
|Book||Hronova Stanislava, Ptackova Veronika, Safr Karel, Vltavska Kristyna (eds.): Applications of Mathematics and Statistics in Economics 2018, Conference Proceedings. Full text papers, 2018, University of Economics, Prague, Oeconomica Publishing House, ISBN 9788024522777, 360 p.|
|Keywords in English||security, household, cohort, resourcefulness|
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