THE IMPACT OF INFLATION EXPECTATIONS ON HOUSEHOLD WELL-BEING: AN EMPIRICAL ANALYSIS
For decades, understanding financial and subjective well-being has been central to research, given its relevance to individual quality of life and policy decisions (Helliwell et al., 2019; Brüggen et al., 2017). Both financial freedom and self-reported happiness are essential aspects of well-being,...
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Vydavatelství ZČU v Plzni
2024-12-01
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| author | Katarína Ilenčíková Patrícia Krupová |
| author_facet | Katarína Ilenčíková Patrícia Krupová |
| author_sort | Katarína Ilenčíková |
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| description | For decades, understanding financial and subjective well-being has been central to research, given its relevance to individual quality of life and policy decisions (Helliwell et al., 2019; Brüggen et al., 2017). Both financial freedom and self-reported happiness are essential aspects of well-being, which are influenced significantly by inflation, including past experiences, current levels, and future expectations (Cupak & Siranova, 2023; Dolan et al., 2009; Coibon et al., 2019). The literature, however, presents mixed results: while some studies suggest that inflation negatively impacts well-being (Prati, 2023), others suggest a more positive relationship (Golem et al., 2010). This paper investigates the link between inflation expectations and well-being from the household perspective, addressing a notable gap in the research, particularly relevant during periods of high inflation and economic instability. Using HFCS data from 2021—a year marked by the COVID-19 pandemic and heightened economic uncertainty—this study examines household perceptions of price dynamics, general financial conditions, and their collective impact on well-being in a time of considerable disruption. |
| format | Article |
| id | doaj-art-cf3b7caf382d405188e6e1829beaba20 |
| institution | Kabale University |
| issn | 2788-0079 |
| language | ces |
| publishDate | 2024-12-01 |
| publisher | Vydavatelství ZČU v Plzni |
| record_format | Article |
| series | Trendy v podnikání |
| spelling | doaj-art-cf3b7caf382d405188e6e1829beaba202025-02-07T10:54:31ZcesVydavatelství ZČU v PlzniTrendy v podnikání2788-00792024-12-011414153https://doi.org/10.24132/jbt.2024.14.1.41_53THE IMPACT OF INFLATION EXPECTATIONS ON HOUSEHOLD WELL-BEING: AN EMPIRICAL ANALYSIS Katarína Ilenčíková https://orcid.org/0009-0002-1650-8426Patrícia Krupováhttps://orcid.org/0009-0002-9821-018XFor decades, understanding financial and subjective well-being has been central to research, given its relevance to individual quality of life and policy decisions (Helliwell et al., 2019; Brüggen et al., 2017). Both financial freedom and self-reported happiness are essential aspects of well-being, which are influenced significantly by inflation, including past experiences, current levels, and future expectations (Cupak & Siranova, 2023; Dolan et al., 2009; Coibon et al., 2019). The literature, however, presents mixed results: while some studies suggest that inflation negatively impacts well-being (Prati, 2023), others suggest a more positive relationship (Golem et al., 2010). This paper investigates the link between inflation expectations and well-being from the household perspective, addressing a notable gap in the research, particularly relevant during periods of high inflation and economic instability. Using HFCS data from 2021—a year marked by the COVID-19 pandemic and heightened economic uncertainty—this study examines household perceptions of price dynamics, general financial conditions, and their collective impact on well-being in a time of considerable disruption.well-beinginflationexpectationshouseholdshfcs |
| spellingShingle | Katarína Ilenčíková Patrícia Krupová THE IMPACT OF INFLATION EXPECTATIONS ON HOUSEHOLD WELL-BEING: AN EMPIRICAL ANALYSIS Trendy v podnikání well-being inflation expectations households hfcs |
| title | THE IMPACT OF INFLATION EXPECTATIONS ON HOUSEHOLD WELL-BEING: AN EMPIRICAL ANALYSIS |
| title_full | THE IMPACT OF INFLATION EXPECTATIONS ON HOUSEHOLD WELL-BEING: AN EMPIRICAL ANALYSIS |
| title_fullStr | THE IMPACT OF INFLATION EXPECTATIONS ON HOUSEHOLD WELL-BEING: AN EMPIRICAL ANALYSIS |
| title_full_unstemmed | THE IMPACT OF INFLATION EXPECTATIONS ON HOUSEHOLD WELL-BEING: AN EMPIRICAL ANALYSIS |
| title_short | THE IMPACT OF INFLATION EXPECTATIONS ON HOUSEHOLD WELL-BEING: AN EMPIRICAL ANALYSIS |
| title_sort | impact of inflation expectations on household well being an empirical analysis |
| topic | well-being inflation expectations households hfcs |
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