© Richard Hindls, Lubos Marek, Stanislava Hronová. Article available under the CC BY-SA 4.0 licence
ARTICLE
ABSTRACT
Wages and salaries represent the most important component of household disposable income. The aim of the article is to examine how the relationship between the shares of households’ wages and final consumption expenditure in their gross disposable income has developed over the past 20 years. The presented analysis uses publicly available national accounts data for 30 countries for the period of 2000–2019. The studied indicators include the proportion of households’ wages and salaries, and final consumption expenditure in their gross disposable income. Using the proposed method based on the evaluation of changes in the spatial map, it is possible to observe any significant changes in these proportion values in the years of financial crisis and recession, as well as in the years of prosperity. The procedure can therefore serve as an indicator of appreciable changes in economic development.
KEYWORDS
gross domestic product, final consumption expenditure, disposable income, mutual change of two relative indicators in space and time, indicators of income and expenditure in households
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