Abstract
The aim of the contribution is to point out the possible causes of changes and differences in the behavior of current households in the context of new consumption theories and current conditions by means of selected categories of net cash expenditure of households2 embodying the productive aspect of consumption. The monitored data is based primarily on Family Account Statistics for the period of 2010-2017. The benefit of this contribution is in particular the application and clarification of the links between the current theories and practice which helps to understand the economic behavior of households. The conclusions of the article point out that household decision-making is largely influenced by the economic situation of households, but also by other factors which we also deal with in the contribution. It is clear from the conclusions that Czech and Slovak households apply a different approach to expenditures on productive components of consumption, which in the long run will deepen the differences between countries. In the context of the evolving direction of the Behavioral Economy, it would be helpful to include the monitoring of psychological factors in Family Account Statistics.
Highlights
If we want to examine the productive aspects of household consumption from a theoretical point of view, we must abstain from some constraints imposed by traditional microeconomic theories, such as the principle of unlimited rationality, or the optimization of utility understood as a subjective phenomenon
It is clear from the conclusions that Czech and Slovak households apply a different approach to expenditures on productive components of consumption, which in the long run will deepen the differences between countries
SR CR SR SR CR 6.2 8.0 6.2 -0.2 -0.6 6.2 9.3 6.1 -1.5 0.1 6.5 9.7 6.4 -2.3 0.0 5.3 9.7 5.3 -0.8 -2.2 6.1 9.2 6.0 -1.2 -0.7. The probability of another recession is often mentioned, and from the point of view of household psychology it may be a kind of self-fulfilling prophecy, the more people start to expect it, the sooner it comes, and at least even by starting home in such an atmosphere to save more economically, slows down and reduces spending on key productive components of household consumption
Summary
If we want to examine the productive aspects of household consumption from a theoretical point of view, we must abstain from some constraints imposed by traditional microeconomic theories, such as the principle of unlimited rationality, or the optimization of utility understood as a subjective phenomenon. Because human beings have instinctive fear of loss [12] The success of this word is based on this fact and is often used, for example, in pharmacies for the sale of supplementary medications, and falls under household spending on health and productive components of consumption. Another point of view on this issue is the theory of G. Is it possible that just the habit of free public education within our economic system and family is just the necessary minimum spending that hampers the possible change from the point of view of their development and the growth of well-being in the long run? Or is there another cause?
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