Logistic Regression in the Analysis of Unexpected Household Expenses: Cross-Country Evidence

• Autorzy: Patrycja Kowalczyk-Rólczyńska , Tomasz Rólczyński
• Języki publikacji: EN

Abstrakty

EN

Changes unfolding in the households' structure coupled with the shifting role of the family have been affecting household financial decision-making. Among numerous financial decisions made by households (including consumption decisions, loan decisions, saving decisions, investment decisions and those on risk management), many are related to financial resources spending. In a situation of unexpected expenses, financial problems may arise ultimately undermining household's financial security. The paper pursues two objectives. The first one is to identify the factors determining households' capacity to face sudden unexpected expenses. The second objective is to evaluate how the selected factors affect this capacity. To achieve these aims the Eurostat data were used . Given the fact that the dependent variable is a dichotomous one, a logistic regression model has been applied in this study. The findings served as the basis for identification of the factors that determine the ability of households to cope with unexpected expenditures. Only some of the factors proved statistically significant for all the Central and Eastern European countries under study. (original abstract)

Słowa kluczowe

EN

Economic safety; Households; Logistic regression; Household expenditures

PL

Bezpieczeństwo ekonomiczne; Gospodarstwa domowe; Regresja logistyczna; Wydatki gospodarstw domowych

• Czasopismo: Journal of International Studies
• Rocznik: 2020
• Tom: 13
• Numer: nr 3
• Strony: 216--230

Twórcy

autor

Patrycja Kowalczyk-Rólczyńska

• Wrocław University of Economics, Poland

autor

Tomasz Rólczyński

• WSB University in Wroclaw, Poland

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Identyfikatory

DOI

10.14254/2071-8330.2020/13-3/14