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Financial Behaviour of Romanian Guaranteed Minimum Income Beneficiaries

In: 10th LUMEN International Scientific Conference Rethinking Social Action. Core Values in Practice | RSACVP 2018 | 20-21 April 2018 | Suceava – Romania

Author

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  • Silvia Florina Cojanu

    (National Scientific Research Institute for Labour and Social Protection, Bucharest, Romania)

Abstract

The aim of this paper is to explore the financial behaviour of guaranteed minimum income beneficiaries in Romania, based on their responses in a survey with national representativity for this target group. The main themes of analysis are: perception of their financial situation and satisfaction with the standard of living, perceived financially induced limitations, as well as financial behavior, considering income sources, savings and debt. The results are consistent with the reviewed literature on savings and debt under the poverty context: most respondents don’t have access to mainstream credit and they financially depend on their social network of family and friends in times of need. Yet, in spite of the financial support of their social networks and of affirmed temperance in spending habits, they are faced with health endangering financial limitations - through lack of food or necessary medical treatments.

Suggested Citation

  • Silvia Florina Cojanu, 2018. "Financial Behaviour of Romanian Guaranteed Minimum Income Beneficiaries," Book chapters-LUMEN Proceedings, in: Antonio SANDU & Tomita CIULEI (ed.), 10th LUMEN International Scientific Conference Rethinking Social Action. Core Values in Practice | RSACVP 2018 | 20-21 April 2018 | Suceava – Romani, edition 1, volume 5, chapter 7, pages 66-79, Editura Lumen.
    • Handle: RePEc:lum:prchap:05-07
    DOI: https://doi.org/10.18662/lumproc.36
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    References listed on IDEAS

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    1. Omer Moav and & Zvika Neeman, 2012. "Saving Rates and Poverty: The Role of Conspicuous Consumption and Human Capital," Economic Journal, Royal Economic Society, vol. 122(563), pages 933-956, September.
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    More about this item

    Keywords

    Financial behaviour; perception; poverty; survey;
    All these keywords.

    JEL classification:

    • A3 - General Economics and Teaching - - Multisubject Collective Works
    • I2 - Health, Education, and Welfare - - Education
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

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