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2003 | 10 | nr 4 | 2--15
Tytuł artykułu

Uncertainty of Households' Income in European Union Countries and Poland

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This article examines the uncertainty of household income in European Union countries and in one accession country - Poland. Using the data from the Household Budget Surveys for a panel of twelve European Union countries in years 1995-98, and the Household Budget Survey for the Polish households' panel for 1997-2000, we estimate the uncertainty of household income by decomposing it into a variance of permanent income and a variance of transitory income. For particular countries we assess these two measures of income uncertainty using different criteria: age, gender, main economic activity, education and professional status of the household head. (fragment of text)
Rocznik
Tom
10
Numer
Strony
2--15
Opis fizyczny
Twórcy
  • University of Warsaw, Poland
  • University of Warsaw, Poland
  • University of Warsaw, Poland
Bibliografia
  • Becker, G. S. (1993) Human Capital. Third edition. Chicago: Chicago University Press
  • Blundell, R. and Preston, I. (1998) "Consumption Inequality and Income Uncertainty". Quarterly Journal of Economics, May: 603-40
  • Carroll, C. D. (1994) "How Does Future Income Affect Current Consumption?". Quarterly Journal of Economics, February: 111-47
  • Carroll, C. D. and Samwick, A. A. (1997) "The Nature of Precautionary Wealth". Journal of Monetary Economics 40: 41-71
  • CHER (Consortium of Household Panels for European Socio-economic Research), Luxembourg, Working Papers Nos 1-15, 2003, http://www.ceps.lu/CherPaco/CherPaco.htm
  • Deaton, A. (1991) "Saving and Liquidity Constraint". Econometńca LIX: 1221-48
  • Flavin, M. A. (1981) "The Adjustment of Consumption to Changing Expectations about Future Income". Journal of Political Economy 81 (5): 974-1009
  • Friedman, M. (1957) A Theory of the Consumption Function. Princeton: Princeton University Press
  • Hall, R. E. (1978) "Stochastic Implications of the Life-cycle Hypothesis: Theory and Evidence". Journal of Political Economy 86 (6): 971-87
  • Hall, R. E. and Mishkin, F. S. (1982) "The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households". Econometńca 50 (2): 461-81
  • Household Budget Surveys, Poland (1997-2000). Warsaw: Central Statistical Office
  • Liberda, B. (2000) Oszczędzanie w gospodarce polskiej. Teorìe i fakty [Saving in the Polish economy. Theories and Facts.]. Warsaw: PTE - Bellona
  • Liberda, B., Górecki B. and Pęczkowski M. (2002) "Saving from Permanent and Transitory Income: the Case of Polish Households". Paper to the CHER (Consortium of Household Panels for European Socio-economic Research) conference, Majorca, Spain, September 2002, and CHER Working Paper No. 15, 2003
  • Modigliani, F. and Brumberg, R. (1954) "Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data" in K. Kurihara (ed.) Post-Keynesian Economics. New Brunswick: Rutgers University Press
  • Skinner, J. (1988) "Risky Income, Life Cycle Consumption and Precautionary Savings". Journal of Monetary Economics 22: 237-55
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171267637

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