Modelling selected indicators of the financial situation of households in the Czech Republic

Modelování vybraných ukazatelů o finanční situaci domácností v České republice

Hana Řezanková

Acta Oeconomica Pragensia, 2013, vol. 2013, issue 3, 32-50

Abstract: The aim of the paper is to estimate models for household classification from the point of view of their financial situation. The models are constructed on the basis of data from the Living Conditions 2010 survey. The target indicators are the possibility of a household to afford a week-long vacancy outside home, the possibility of a household to afford paying an unplanned expenditure in a certain amount, and an evaluation of how a household is economical with its income. The explanatory indicators are the gender of the head of the household (HOH), the education level of the HOH, the marital status of the HOH, the age of the HOH, and the household type according to the OECD classification. For this purpose, classification trees and logistic regression were applied. The models obtained were evaluated according to the total success rate and the F-measure. The education level of the head of the household was found to be the most important indicator for the prediction.

Keywords: Czech households; financial indicator; household classification; classification tree; binary logistic regression; multinomial logistic regression; F-measure (search for similar items in EconPapers)
JEL-codes: C25 C38 D19 I39 (search for similar items in EconPapers)
Date: 2013
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DOI: 10.18267/j.aop.403

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