Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1720769
Poverty, the worst form of violence: perceived income adequacy among Croatian citizens
Ivana Tomas Žiković
orcid.org/0000-0002-9156-3479
Sažetak
The article analyses to what extent individual’s socio-demographic
and economic characteristics relate to citizens’ perceived difficulty
of living on present income. The analysis is carried out by using
ordered logit and partial proportional odds (P.P.O.) model on
European Social Survey (E.S.S.) data. Results confirm that individual’s
income can be used as an indicator of financial capacity both
in general and for retirees as a focus group. Respondents in financial
difficulty had to draw in a higher extent on their savings or
incur debt to cover living expenses. Respondents with less than a
secondary education, in poor health and those dissatisfied with
the current state of the economy, were more likely to perceive
their income as inadequate. Findings confirm that older respondents
are generally more satisfied with their income compared to
middle-aged and younger adults. Respondents living with a child/
children were more likely to report financial difficulty. On the
other hand, result suggest that gender, region and living area
had no significant effect on income adequacy perception. We see
similar results when focusing on retired respondents. Individual
determinants are significant predictors of citizens’ perceived financial
difficulty and should be taken into account when devising
economic policy measures and legal framework for personal
insolvency procedures.
Ključne riječi
perceived income adequacy; financial difficulty; socio-demographic and economic determinants; European Social Survey (E.S.S.); ologit
Hrčak ID:
254414
URI
Datum izdavanja:
9.2.2021.
Posjeta: 634 *