Problems Related to Measuring and Interpreting Indicators of the Standard of Living
Journal of World Economic Research
Volume 3, Issue 6-1, December 2014, Pages: 9-14
Received: Nov. 30, 2014; Accepted: Jan. 12, 2015; Published: Jan. 21, 2015
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Authors
Naďa Birčiaková, Department of Marketing and Trade, Mendel University in Brno, Brno, Czech Republic
Jana Stávková, Department of Marketing and Trade, Mendel University in Brno, Brno, Czech Republic
Jana Turčínková, Department of Marketing and Trade, Mendel University in Brno, Brno, Czech Republic
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Abstract
The paper deals with different approaches to measuring living standards. Attention is drawn to income and expenditures recorded in selected countries of the European Union (the United Kingdom, Sweden, Germany, Spain and the Czech Republic). The basic model of linear regression analysis is used to present the curve of the income and expense situation of households. In order to reveal more specific details, analyses based on income quintiles are carried out. The European methodologies EU SILC and COICOP have been chosen as the main source of data. The period of interest was set for years 2005-2013. The article draws attention to ambiguity of commonly used objective indicators of the standard of living while measuring it.
Keywords
Living Conditions, Poverty, Measuring Income Inequality, Measuring Poverty,Income and Expenses of Households
To cite this article
Naďa Birčiaková, Jana Stávková, Jana Turčínková, Problems Related to Measuring and Interpreting Indicators of the Standard of Living, Journal of World Economic Research. Special Issue: Issues and Challenges of the Financial and Economic Crisis Throughout the World. Vol. 3, No. 6-1, 2014, pp. 9-14. doi: 10.11648/j.jwer.s.2014030601.12
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