Int. J. of Sustainable Economy   »   2018 Vol.10, No.1

 

 

Title: Consumer surveys and the EU statistics on income and living conditions: friends or foes?

 

Authors: Mirjana Čižmešija; Petar Sorić; Ivana Lolić

 

Addresses:
Faculty of Economics and Business, University of Zagreb, Trg J.F.Kennedyja 6, Zagreb, Croatia
Faculty of Economics and Business, University of Zagreb, Trg J.F.Kennedyja 6, Zagreb, Croatia
Faculty of Economics and Business, University of Zagreb, Trg J.F.Kennedyja 6, Zagreb, Croatia

 

Abstract: To assess the quality of life in its member states, the EU has introduced the statistics on income and living conditions (EU-SILC), purposed to quantify the poverty levels and social problems in individual countries. Although EU-SILC is quite valuable from a policy perspective, because of its annual frequency it is not able to fully capture the dynamics of turbulent changes in the social and economic dimensions of households' well-being. To counteract that, this paper aims to complement the EU-SILC project by consumer survey (CS) data for 11 new EU member states. To be specific, three temporal disaggregation methods are employed on three CS variables (concerning the financial situation of households) in order to obtain quarterly estimates of risk of poverty and social exclusion. The authors find that the Chow-Lin disaggregation technique convincingly outperforms the other two competing models (Fernandez and Litterman approach), yielding considerably accurate quarterly estimates of poverty risk.

 

Keywords: business and consumer surveys; European statistics on income and living conditions; EU-SILC; social exclusion; temporal disaggregation; poverty.

 

DOI: 10.1504/IJSE.2018.088616

 

Int. J. of Sustainable Economy, 2018 Vol.10, No.1, pp.78 - 98

 

Submission date: 28 Sep 2016
Date of acceptance: 21 Dec 2016
Available online: 30 Nov 2017

 

 

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