Household Financial Situation during the COVID-19 Pandemic with Particular Emphasis on Savings—An Evidence from Poland Compared to Other CEE States
| Autor: | Witold Gradoń, Grażyna Szustak, Łukasz Szewczyk |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Czech
financial situation 2019-20 coronavirus outbreak Coronavirus disease 2019 (COVID-19) Strategy and Management media_common.quotation_subject Economics Econometrics and Finance (miscellaneous) Econometric methods Insurance financial well-being Accounting Pandemic HG8011-9999 ddc:330 Economics media_common Finance business.industry savings households Foundation (evidence) COVID-19 language.human_language Variable (computer science) Unemployment language business |
| Zdroj: | Risks, Vol 9, Iss 166, p 166 (2021) Risks Volume 9 Issue 9 |
| ISSN: | 2227-9091 |
| Popis: | The aim of this article is to analyze and assess the impact of the pandemic on the finances of households in Poland, compared to other CEE countries (including Czech Republic, Slovakia and Hungary), with particular emphasis on changes in the level of their savings, which are considered to be the foundation for the development of the indicated research group. There is no doubt that the pandemic had an impact on the situation of households, which is mainly visible in the labor market (rising unemployment), and thus the question arises to what extent have the households’ approaches to financial decisions changed because of this situation? The propensity to save was taken into account as a main aspect of this problem, because it has, among others, a big impact on the financial well-being (in a broader sense). Using the multiple linear regression method, the factors that influence the level of household savings were determined. The results of the research show that these factors are different in the analyzed countries and have a different impact on the level of the explained variable, which is the gross saving rate. The research should also be treated as a preliminary one. It constitutes a contribution to in-depth research with the use of more sophisticated statistical and econometric methods, which will allow for the better assessment of the examined issue. |
| Databáze: | OpenAIRE |
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