What to do with family accounts? Two sides of rating the living standards in Czechoslovakia in the1950s
2020
Abstract
The study analyses structure of consumption of clerical family with four children between January 1953 and April 1960. The analysis is based on preserved records of income and daily costs of family as a microeconomic unit.
Its consumer behaviour is put in a macroeconomic context of state economic policy. The study shows that the standard of living of 1952 was not reached by the end of the 1950s.
The study also confirms that insufficient demand of households increased unrealized stocks and so it contributed to dysfunction of centrally planned economy.