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Determinants of Czech Inhabitants' Living Standards

Author

Listed:
  • Naďa Birčiaková

    (Department of Marketing and Trade, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic)

  • Jana Stávková

    (Department of Marketing and Trade, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic)

  • Jakub Straka

    (Department of Marketing and Trade, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic)

Abstract

Living standards are influenced by several variables. In the submitted paper, they are divided into eight main groups based on analysing alternative indicators of living standards - public life, place of residence, economic area, educational area, health care, environment, interpersonal relationships and personality. The main source of the data is represented by the results of a questionnaire survey performed in 2013 and 2014 in the Czech Republic, focused on elicitation of inhabitants' opinions about how much 99 individual variables influence their living standards. Using Principal Component Analysis, there were seven factors created out of the assessed variables. They should be reflected by a complex assessment of living standards.

Suggested Citation

  • Naďa Birčiaková & Jana Stávková & Jakub Straka, 2015. "Determinants of Czech Inhabitants' Living Standards," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(6), pages 1839-1845.
    • Handle: RePEc:mup:actaun:actaun_2015063061839
    DOI: 10.11118/actaun201563061839
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    References listed on IDEAS

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    4. Hicks, Norman L., 1979. "Growth vs basic needs: Is there a trade-off?," World Development, Elsevier, vol. 7(11-12), pages 985-994.
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