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Impact of the COVID-19 pandemic on the financial situation of rural and urban households in Poland

datacite.subject.sdg03:Saúde de Qualidadept_PT
dc.contributor.authorGłowicka-Wołoszyn, Romana
dc.contributor.authorWołoszyn, Andrzej
dc.contributor.authorStanisławska, Joanna
dc.contributor.authorOliveira, Amilcar
dc.contributor.authorOliveira, Teresa
dc.date.accessioned2024-10-10T09:06:21Z
dc.date.available2024-10-10T09:06:21Z
dc.date.issued2024-09-30
dc.description.abstractThe COVID-19 pandemic not only caused a global health crisis but also had a huge impact on household finances. This research aimed to examine the financial situation of rural and urban households in Poland between 2018 and 2022 from a multidimensional perspective. In a unidimensional approach, the financial situation of households was analyzed separately for their income, expenditures, savings rate, and shares of fixed expenses. In a multidimensional approach, the analysis used a synthetic index constructed for all these variables combined, employing the TOPSIS method and drawing on microdata from the Polish Central Statistical Office that totaled approximately 150,000 households. It was found that despite the pandemic outbreak, which led to major changes in the labor market, government-introduced organizational and legal measures protected the income of Polish households from decline. Indeed, income was increasing up until 2021, with a modest fall in 2022, which was less severe in rural households (by about 2%) than in urban ones (by 6%). A more immediate response to the outbreak was observed in consumer spending, which fell sharply, while the food share in consumption increased at similar levels in rural and urban areas. Regression analysis showed that compared to 2019, the pandemic worsened the financial situation of Polish households, but only in 2020 and 2022 were these changes statistically significant. In 2021, the financial situation improved slightly, but the change was not statistically significant. Before the pandemic, the synthetic assessment of the financial situation in rural areas was lower than in urban ones, and the pandemic period did not reduce these differences, showing no convergence between poorer rural areas and richer urban ones. Diagnosing and monitoring the household financial situation are crucial steps for achieving the social dimension goals of sustainable development. Research on the pandemic’s effects on household finances provides valuable information that can help develop effective strategies to counter future crises while supporting the social dimension of the sustainable development strategy.pt_PT
dc.description.sponsorshipThe research was financed from resources of the Faculty of Economics, Poznań University of Life Sciences. The authors A.O. and T.O. were supported by Portuguese funds, by The Portuguese Foundation for Science and Technology (FCT), through the project UIDB/Multi/00006/2020.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationGłowicka-Wołoszyn, R.; Wołoszyn, A.; Stanisławska, J.; Oliveira, A.; Oliveira, T. Impact of the COVID-19 Pandemic on the Financial Situation of Rural and Urban Households in Poland. Sustainability 2024, 16, 8516. https://doi.org/10.3390/su16198516pt_PT
dc.identifier.doihttps://doi.org/10.3390/su16198516pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.2/16615
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherMDPIpt_PT
dc.relation.publisherversionhttps://www.mdpi.com/2071-1050/16/19/8516pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectRural householdspt_PT
dc.subjectUrban householdspt_PT
dc.subjectFinancial situationpt_PT
dc.subjectTOPSISpt_PT
dc.subjectThe social dimension of sustainable developmentpt_PT
dc.subjectCOVID-19 pandemicpt_PT
dc.titleImpact of the COVID-19 pandemic on the financial situation of rural and urban households in Polandpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage8541pt_PT
oaire.citation.startPage8516pt_PT
oaire.citation.titleSustainabilitypt_PT
person.familyNameGłowicka-Wołoszyn
person.familyNameWołoszyn
person.familyNameStanisławska
person.familyNameOliveira
person.familyNameOliveira
person.givenNameRomana
person.givenNameAndrzej
person.givenNameJoanna
person.givenNameAmilcar
person.givenNameTeresa A.
person.identifier1955664
person.identifier1155497
person.identifier.ciencia-id7110-61B4-B87F
person.identifier.ciencia-id8814-A54B-12DE
person.identifier.orcid0000-0002-1039-3261
person.identifier.orcid0000-0001-8992-7379
person.identifier.orcid0000-0002-0028-140X
person.identifier.orcid0000-0001-5500-7742
person.identifier.orcid0000-0003-3283-9946
person.identifier.ridJ-3077-2019
person.identifier.scopus-author-id56087866500
person.identifier.scopus-author-id55675222550
person.identifier.scopus-author-id54403540300
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
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