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Silviya Bratoeva Manoleva
Income Inequality in Bulgaria in the Period 1993-2019 – Decomposition by Income Sources
Summary:
Income inequality is a result from an unequal distribution of different types of incomes forming total household income. The aim of the paper is to find which income sources are the main drivers for rising inequality in Bulgaria for the last 25 years by using income inequality decomposition. The results show that wages has the biggest and growing importance for the overall inequality. Most unequal distributed incomes are those from property, but they have an insignificant role for the rising overall inequality because of the small share in total household income. Incomes that mitigate income inequality are the social transfers, but their effect varies depending on the type of transfer.
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Gergana Mihailova
Modeling of Household's Behavior in the Process of Acquiring Financial Assets/Liabilities
Summary:
The paper examines the behavior of households, who are the main net saviors in the Bulgarian economy. With accumulated savings they cover their investment and provide financial sources to other economic agents in the economy by the intermediation of the financial institutions. The households play the important role in the economy, especially in the case of the worsening external imbalances, which could be narrowed by the increasing household savings in the economy. For this purpose, it is necessary to define the factors, which determine the dynamics of the acquired financial assets and incurred financial liabilities. The empirical results obtained from the compiled financial accounts (SNA), according to the provided methodology in Mihaylova (2004), are used.
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Lyudmil Naydenov
State, Dynamics and Trends of Household Income under the Covid-19 Conditions
Summary:
This paper examines the relationship between household income, financial stability and well-being under the COVID-19 conditions in Bulgaria. Based on the definition of the total and monetary household income, the paper outlines its theoretical bases, scope, structure and specific characteristics. It analyzes the dynamics of the total and monetary household income, proving that it depends directly on the global pandemic situation provoked by COVID-19. It also justifies the need to rationalize the management of household income in the short and long term to achieve the financial goals, set in the household budget, and improve household’s well-being. The object of study in this paper is household income, and the subject is defined as the highlighting of factors that affect the state, dynamics and trends in the development of the object of study in recent years in the Republic of Bulgaria. The conclusion is that the rational management of household income in the short, medium and strategic horizon is a prerequisite for the households’ financial stability and achievement of the goals set, complied with the households’ financial capabilities.
