GAINERS AND LOSERS FROM THE ECONOMIC GROWTH AND ECONOMIC RECESSION

• Authors: Kabát Ladislav , Štefan Bojnec , Jana Stávková
• Languages of publication: EN

Abstracts

EN

Economic growth is frequently presented as the source and direct bridge to the overall welfare development. The GDP per capita is frequently referred in this connection as a measure of the economic and social development. However this argument is not sufficiently supported by data covering the welfare situation of the country. According the EU Statistics on Income and Living Conditions (EU-SILC) project, in 2010 there are around 17% of the EU citizens living under the at-risk-of poverty threshold. To address the missing links between economic growth and the broader social development dynamics, the income situation of the households in selected EU member countries over the last years is investigated using the EU-SILC data. The empirical results confirm that losers from economic growth and recession are unequally distributed towards female, young, elderly, unemployed, retired and less educated. Gains are pertaining to more educated persons implying a greater focus on opportunities to education and on labour market.

Keywords

EN

INCOME; LIVING CONDITIONS; ECONOMIC DEVELOPMENT; POVERTY THRESHOLD; HOUSEHOLDS; CENTRAL EUROPEAN COUNTRIES

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2013
• Volume: 61
• Issue: 1
• Pages: 3 – 23

Contributors

author

Kabát Ladislav

• Paneurópska vysoká škola, Tomášikova 20, 821 02 Bratislava, Slovak Republic

author

Štefan Bojnec

author

Jana Stávková