Who Are the People at Socio-Economic Risk? Socio-Demographical Analysis of the Czech People in Specific Economical Situations Recognized in Value-Based Risk Prediction Model

Jiří Pospíšil, Ivana Olecká, Nataša Matulayová, Helena Pospíšilová, Pavlína Jurníčková and Pavla Macháčková
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Jiří Pospíšil: Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic
Ivana Olecká: Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic
Nataša Matulayová: Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic
Helena Pospíšilová: Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic
Pavlína Jurníčková: Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic
Pavla Macháčková: Department of Christian Social Work, Sts Cyril and Methodius Faculty of Theology, Palacký University Olmouc, 779 00 Olomouc, Czech Republic

Social Sciences, 2022, vol. 11, issue 5, 1-15

Abstract: The aim of this study was to analyze the dependence of personal economic situation on gender, age, education, occupational status, field of work or study, family situation, and number of children in the family. The research was designed as cross-sectional ex post facto. The survey examined data collected through a structured questionnaire completed and returned by a total of 5175 respondents aged 15+ selected from the general population of the Czech Republic. The statistical significance of hypotheses was tested using χ 2 statistics, and the adjusted residuals z in each cell were calculated. The impacts of socio-demographic factors on specific economic situation were recognized and statistically confirmed. Compared to women, men show higher financial knowledge, which benefits them significantly. Economic situation worsens with increasing age. As education increases, the level of vulnerability decreases, and the individual’s economic situation improves. Protective factors include cohabitation with a partner and having a complete family. People without children are in the best financial situation. The situation gradually worsens with the number of children, and families with five or more children are typically in a negative economic situation with a high level of vulnerability. The specific contribution of our research lies in the inclusion of potential financial risks in the identification of people at risk. We recognized a high-risk group of people—women in a positive economic situation with a high level of risk.

Keywords: social-economic risk; gender; age; education; occupational status; field of work or study; family situation; number of children in the family (search for similar items in EconPapers)
JEL-codes: A B N P Y80 Z00 (search for similar items in EconPapers)
Date: 2022
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