Economic activity, saving, credit and income polarisation in Poland

Kośny, Marek

doi:10.1080/14631377.2013.844931

Cited by 4 publications

(4 citation statements)

References 17 publications

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“…It seems worth examining further whether the relationship of consumer confidence to household saving is significant, irrespective of saving motives, or due to the circumstances of precautionary motive priority, as observed in Poland. The most likely high influence of the precautionary motive on household saving behavior in Poland is suggested, among others, by Kośny ( 2013 ).…”

Section: Resultsmentioning

confidence: 89%

“…In addition, households influence businesses and governments into actions that also foster the cycle. Kośny ( 2013 ) analyzes micro data on changes in the level of savings of Polish households in successive sub-periods and provides evidence that savings increase in periods of slower economic growth and decrease in fast growth periods. He suggests that a possible explanation of this phenomenon may be the importance of precautionary saving.…”

Section: Introductionmentioning

confidence: 99%

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Does Consumer Confidence Forecast Household Saving and Borrowing Behavior? Evidence for Poland

Kłopocka

2016

Soc Indic Res

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Consumer confidence plays an important role in households’ decision-making processes. This study investigates the effects of consumer confidence on household saving and borrowing behavior that are unsatisfactorily considered in previous discussions. The questions of interest are first, whether indexes of consumer confidence have any predictive power on their own for future household saving and borrowing rates, and second, whether they contain information about future household saving and borrowing rates aside from the information contained in other available indicators. In addition to aggregate confidence indicators, their components are used to provide more precise information. Overall, the multiple linear regression analysis (OLS technique) of Polish time-series data gives positive answers to both questions. This finding supports the recommendation of combining the strengths of objective indicators (such as economic fundamentals) and subjective indicators (such as consumer confidence) to improve household financial behavior forecasts.

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Section: Resultsmentioning

confidence: 89%

Section: Introductionmentioning

confidence: 99%

Does Consumer Confidence Forecast Household Saving and Borrowing Behavior? Evidence for Poland

Kłopocka

2016

Soc Indic Res

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“…A conglomerate of average incomes and their inequality included in the Sen index formula indicates that self-employment generates higher social welfare than income from hired work. Better financial situation of households of the self-employed in Poland are confirmed by Kośny (2013). The upper groups of income are dominated by households declaring paid employment and self-employment as their main source of income, while in the lower groups of income the share of such households is significantly lower.…”

Section: Resultsmentioning

confidence: 86%

“…While the issues related to household income, or more precisely the distribution of income, have been addressed in numerous studies (Jędrzejczak, 2009;Jędrzejczak & Pekasiewicz, 2020;Kośny, 2013;Trzcińska, 2020;Ulman, 2020), the indebtedness of Polish households at the microeconomic level remains under-researched (Anioła-Mikołajczak, 2017;Białowolski, 2019;Wałęga & Wałęga, 2021). The present study focuses on households with income based on self-employment, which has not raised much interest so far.…”

Section: Introductionmentioning

confidence: 98%

Self-employment and over-indebtedness in Poland: Modelling income and debt repayments distribution

Wałęga¹,

Wałęga²

2021

EBER

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The objective of the article is to assess financial situation and debt repayments in households of self-employed individuals and compare them to these of other types of households. The article aims to identify the determinants of over-indebtedness. Research Design & Methods:The study focuses on households of self-employed. The results are based on a nationwide CATI survey conducted among 1107 Polish indebted households. Theoretical models of the income distribution (log-logistic, Burr III) and the power-exponential model were used to achieve the research goals. Findings: The economic status of indebted households differentiates income and debt repayments distributions. Self-employed households have a better financial situation and greater inequalities than households of the paid employees and individuals sustaining themselves from other sources of income. The debt repayments of entrepreneurs are higher than in households of paid employees but lower than in other groups of households. The determinants of over-indebtedness are essentially similar regardless of the work status, but the impact of income, number of loans, and debt type on over-indebtedness is greater for self-employed households. Implications & Recommendations:The results on the debt repayments distribution and determinants of overindebtedness may be helpful in creating regulations that preventing household bankruptcies and policies aimed at combating social exclusion. Contribution & Value Added: Introducing the issue of self-employment into the discussion on income and debt distribution and identifying the over-indebtedness among households of self-employed. To assess the debt repayments, we adopt theoretical income distributions and unique source of data on Polish households in debt. Article type:research article

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Economic resourcefulness as a determinant of saving and borrowing in Poland

Kośny

2020

Post-Communist Economies

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Economic activity, saving, credit and income polarisation in Poland

Cited by 4 publications

References 17 publications

Does Consumer Confidence Forecast Household Saving and Borrowing Behavior? Evidence for Poland

Does Consumer Confidence Forecast Household Saving and Borrowing Behavior? Evidence for Poland

Self-employment and over-indebtedness in Poland: Modelling income and debt repayments distribution

Economic resourcefulness as a determinant of saving and borrowing in Poland

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