Trends of standard of living preferences of economics university students as a result of the economic crisis

IF 0.6 Q2 Social Sciences Economic Annals-XXI Pub Date : 2021-07-10 DOI:10.21003/ea.v190-17
Zoltán Zéman, B. Kálmán, Judit Bárczi
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Abstract

One of today’s central subject ranges is the theme of personal financial decisions. Standard of living preferences are also closely related to these. The generation that will soon enter the labor market still has these questions in front of them. This is the reason why we focused on university students in our study. We asked Hungarian, Austrian, and Slovak economics students in our questionnaire research. We conducted the study in 2 successive years, in the autumn of 2019 and the autumn of 2020. The first phase of the coronavirus pandemic happened between the two occasions. We examined the received responses along the lines of demographic variables, with the application of linear modelling and decision trees. The year was proven to be the most important variable, which indicates that the crisis caused by the coronavirus had a significant effect on the ideas of students regarding a better standard of living. Our results not only highlight the importance of financial literacy, but also show that personal opinions transform in a crisis regarding the criteria that embody a higher standard of living. It appears that a severe economic crisis increases the sense of responsibility and the importance of future security. Of course, because of the short time that passed, the practical verification of our findings will have to wait.
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经济危机对经济学大学生生活水平偏好的影响
今天的一个中心主题是个人财务决策。生活水平偏好也与这些密切相关。即将进入劳动力市场的一代人仍然面临着这些问题。这就是为什么我们在研究中把重点放在大学生身上的原因。我们在问卷调查中询问了匈牙利、奥地利和斯洛伐克的经济学学生。我们在2019年秋季和2020年秋季连续两年进行了这项研究。新冠病毒大流行的第一阶段发生在这两次疫情之间。我们利用线性建模和决策树的应用,沿着人口统计变量的路线检查了收到的回复。这一年被证明是最重要的变量,这表明冠状病毒引发的危机对学生提高生活水平的想法产生了重大影响。我们的研究结果不仅强调了金融素养的重要性,还表明,在危机中,个人对体现更高生活水平的标准的看法会发生变化。严重的经济危机似乎增加了责任感和未来安全的重要性。当然,由于时间很短,我们的研究结果的实际验证将不得不等待。
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来源期刊
Economic Annals-XXI
Economic Annals-XXI ECONOMICS-
CiteScore
1.50
自引率
0.00%
发文量
0
期刊介绍: The Economic Annals-XXI Journal – recognized in Ukraine and abroad scientific-analytic edition. Scientific articles of leading Ukrainian and other foreign scientists, postgraduate students and doctorates, deputies of Ukraine, heads of state and local authorities, materials of scientific conferences and seminars; reviews on scientific monographs, etc. are regularly published in this Journal.
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