Development of Real Unit Wage Costs on the Macro- And Mezo-Level of the Czech Republic

Kadeřábková, Božena; Jašová, Emilie

doi:10.20472/es.2019.8.2.004

Cited by 8 publications

(7 citation statements)

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“…In many European countries citizens are used not to rely on official pension system and invest their savings in property (Hromada, 2021a,b) protecting them in inlation times (Bednar, 2022). This is the reality mainly in countries that whitnessed substantial improvement in living standarts (Luczak, 2022) and having traditionaly strong safety net (Kaderabkova 2019) and abundant social system (Jasova, 2017or Cermakova, 2019. This gives reasoning to the Insurance Europe to express the opinion that "…further member state action is therefore needed to promote well-balanced multi-pillar pension systems across member states built on adequate, stable and attractive regulatory and tax frameworks".…”

Section: Research Resultsmentioning

confidence: 99%

Pension tracking system application: A new supervision challenge in the EU

Dimitrov¹,

Hadad²

2022

IJOES

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Different areas serve as sources of pension protection for the citizens of the European Union. Along with pensions from public systems, capital pensions are playing an increasing role. Financial institutions-providers of pension savings products operate on a different business model; the diversity cause difficulties in tracking individual’s pension savings, and in promoting pension protection. The pension tracking system is seen as a mechanism for achieving a more efficient market for pension products. This paper examines the development of the pension tracking system (PTS) for European Union member states with multi-pillar pension system. We study the application of the PTS in Bulgaria, to exemplify the structure of the PTS for other EU member states. We conclude that the development of PTS is a necessary set of measures that would be a prerequisite for improving the well-being of the savers.

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Section: Research Resultsmentioning

confidence: 99%

Pension tracking system application: A new supervision challenge in the EU

Dimitrov¹,

Hadad²

2022

IJOES

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“…It needs to be remembered that the degree of housing and energy poverty differs across regions. Kaderabkova in this regard examines wage inflation in different regions in relation to labor productivity which falls behind and concludes that the trend of wage inflation might further increase rents and real estate prices, making own housing further less affordable [14,15]. Rising energy prices are reflected not only in the cost of energy consumption in households, but also in the prices of building materials and construction work [16].…”

Section: Literature Reviewmentioning

confidence: 99%

Change in the Affordability of Owner-Occupied Housing in the Context of Rising Energy Prices

Čermáková

Hromada

2022

Energies

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Household energy constitutes an important share of affordable housing. Unaffordable housing and inadequate household energy represent a new dimension of poverty. Connections between energy, housing affordability and well-being are still under-researched. Building on housing affordability framework, this study explores the magnitude in changes in affordability of acquisition and use of an apartment between January 2018 and January 2022. Over the last four years, the real estate market in Europe has changed significantly. This paper deals with primary data for the Czech Republic, where acquisition prices of residential real estate increased depending on the region in the range of 50 to 120%. Since January 2022, there has been a sharp rise in energy prices and a tightening of conditions for the acquisition of mortgage loans. All these factors affect the standard of living in the Czech Republic. The article quantifies the magnitude of this change by calculating shares of total housing costs to total average net household income for the period January 2018 and January 2022. It is found that the affordability of owner-occupied housing in the Czech Republic has deteriorated and part of the middle class will be forced to move to the rental housing sector, multifamily housing and sharing. Finally, we argue that energy poverty needs to be considered in addressing the government housing policies. The aim of the article is to analyze the changes that have taken place in the real estate market over the last four years in relation to the growth of total housing costs and energy costs associated with housing.

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“…In locations with a higher unemployment rate, there is a higher share of owner-occupied housing, because, in such a case, there is a rigidity of labor migration. In their study, Jarošová and Kadeřábková (2019) [22] examined the level and development of inflation affecting the labor market in various parts of the Czech Republic. Furthermore, real and nominal unit labor costs were selected, while the development of these costs was then assessed in various regions of the Czech Republic, together with the extent of their inflation potential.…”

Section: Literature Reviewmentioning

confidence: 99%

Investing in Real Estate in the Czech Republic and Analyzing the Dependence of Profitability and Technical and Socio-Economic Factors

Hromada

Krulický

2021

Sustainability

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This article deals with the study of the dependence between selected technical and socioeconomic factors in the real estate market that affects the return on investment. These factors include the average annual rental yield, sale/rental price for an apartment, the number of ads related to the sale/rental of apartments per 1000 inhabitants, the number of new apartment ads per 1000 inhabitants, and the share of persons facing distraint. Data from the EVAL software were used for calculation. EVAL software was developed by one of the authors of this article and allows the collecting of advertisements promoting real estate for sale and rental in the Czech Republic. This article uses data for individual districts in the Czech Republic. The article uses the methods of descriptive and mathematical statistics. The dependencies between technical and economic parameters are investigated using regression analysis. Significant dependencies were identified between the following parameters: Between selling price of an apartment and the average annual rental yield; Between the average annual rental yield and the average number of months needed to pay for the apartment; Between the average annual rental yield and the share of individuals facing distraint, and between the selling price of an apartment and the price of an apartment for rent.

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Development of Real Unit Wage Costs on the Macro- And Mezo-Level of the Czech Republic

Cited by 8 publications

References 0 publications

Pension tracking system application: A new supervision challenge in the EU

Pension tracking system application: A new supervision challenge in the EU

Change in the Affordability of Owner-Occupied Housing in the Context of Rising Energy Prices

Investing in Real Estate in the Czech Republic and Analyzing the Dependence of Profitability and Technical and Socio-Economic Factors

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