Page 337 - Contributed Paper Session (CPS) - Volume 7

CPS2120 Grażyna Trzpiot et al.
2. Life expectancy at birth – the mean number of years that a newborn child
can expect to live if subjected throughout his life to the current mortality
conditions (age specific probabilities of dying) [expressed in years].
3. Life expectancy at age 65 – the mean number of years still to be lived by a
man or a woman who has reached the age 65, if subjected throughout the
rest of his or her life to the current mortality conditions (age-specific
probabilities of dying) [expressed in years].
4. Consumer Price Index (CPI) – the change over time in the prices of
consumer goods and services acquired, used or paid for by households
[measured in an index, 2015 base year].
5. Real GDP per capita – the ratio of real GDP to the average population of a
specific year; a measure of economic activity, used as a proxy for the
development in a country’s material living standards (a limited measure of
economic welfare) [per capita, in current prices].
6. Unemployment rate – represents unemployed persons as a percentage of
the labour force (the total number of people employed and unemployed)
[% of active population].
7. Real effective exchange rates (REER) – aims to assess a country's price or
cost competitiveness relative to its principal competitors in international
markets; changes in cost and price competitiveness depend not only on
exchange rate movements but also on cost and price trends [indices].
8. Gross saving – measures the portion of gross national disposable income
that is not used for final consumption expenditure; gross national saving
is the sum of the gross savings of the various institutional sectors [current
prices].
9. Long-term government bond yields – refer to central government bond
yields on the secondary market, gross of tax, with residual maturity of
around 10 years; the bond or the bonds of the basket have to be replaced
regularly to avoid any maturity drift [%].
10. Long-term care (health) expenditures – expenditures on a range of medical
and personal care services that are consumed with the primary goal of
alleviating pain and suffering and reducing or managing the deterioration
in health status in patients with a degree of long-term dependency [share
of current expenditures on health].
11. Currency exchange rates: EUR/USD, EUR/PLN.
12. Stock market a main index: DAX in Germany, IBEX35 in Spain, WIG20 in
Poland.
13. Real Estate Funds and Equity/Dividend Funds: Unilmmo Deutchland and
Allianz Vermögensbildung Deutschland (Germany), Seguffondo Inversion
and Bankia Dividendo España FI (Spain), PZU UFK Investor Nieruchomości
i Budownictwa and Investor FIO Subfundusz Akcji Spółek
Dywidendowych (Poland).

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