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EN
The aim of the paper is to evaluate, through panel data dynamic models, the effects of structural public balance adjustment on relative poverty in 16 Eurozone countries from 2005 till 2013. The estimates are conducted by using the mean group (MG), the pooled mean group (PMG) and the dynamic fixed effects (DFE) estimators. The first two yield estimates of the long-run coefficients without the implausible assumption of identical dynamics in each country allowing to detecting a stable relationship even in presence of reduced explanatory variables. They all – through the error correction form – allow for considering the relation between the variables in their level and the dynamic of adjustment in the short-run. All the techniques generate outcomes supporting the conclusion that fiscal retrenchments increase relative poverty both in the short and in the long-run.
EN
In the light of the European survey on income and living conditions (EU-SILC) for the period 2005-2007, income inequality and the risk of relative poverty in Poland are among the largest in the European Union. Economic slowdown caused by the world financial crises, as well as structural reasons, may affect the maintenance or even deepening inequality and poverty risk. This may weaken the social capital necessary, in the short term, for the preservation of social stability during the period of economic downturn, and in the longer term - for the difficult changes in order to improve the competitiveness of the Polish economy.
EN
The first part of the contribution deals with the various theoretical concepts of poverty. It pays attention especially to the concepts of absolute and relative poverty, the concept of social exclusion and inclusion and the concept of culture of poverty. It presents a review of the basic theses as well as some comparisons and the critical considerations. The second part is dedicated to the problem of poverty in Slovakia from the point of view of the mentioned concepts. It deals with specifics of the country, with its historical, cultural, social and political context and tries to recognize the signs of the mentioned concepts in Slovak environment.
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