The Level of Wealth and the Financial Condition of Households in Relation to the Results of Consumer Surveys
AbstractIt is assumed in this article that the prognostic value of qualitative indicators of consumer sentiment depends, to a large extent, on changes to consumers' wealth, which is connected with the situation in the labour market. Therefore, the main aim of the analysis is to verify the relationship of consumer survey results with the level of wealth and the financial condition of households. It is assumed that the predictive power of individual indicators of consumer opinions regarding the development of consumption is indirect, describing, among other things, the earning activities of the respondents. The calculations, which took into account time lags, econometric causality, and the construction of models of stepwise regression, indicate that Polish respondents evaluate their wealth and the economic condition of the country from the perspective of the situation in the labour market.
|Journal series||Economics & Sociology, ISSN 2071-789X, e-ISSN 2306-3459, (B 15 pkt)|
|Publication size in sheets||0.65|
|Keywords in English||consumer opinion, individual indicators, forecasting consumption|
|Score|| = 9.0, 16-12-2020, ArticleFromJournal|
= 15.0, 16-12-2020, ArticleFromJournal
|Publication indicators||= 0; : 2014 = 0.664|
|Citation count*||1 (2021-01-17)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.