Household Financial Fragility During COVID-19: the Power of Financially Literate Women
Zagreb International Review of Economics & Business
; 25(s1):31-44, 2022.
Article
in English
| ProQuest Central | ID: covidwho-2162852
ABSTRACT
This paper analyses household financial fragility during the COVID-19 pandemic. Considering the barging theory in households' decision-making, this paper proposes that women's financial literacy and their involvement in paid and unpaid work will influence family financial fragility in times of crisis. The results show that women's financial literacy, their participation in the labour market, and their financial independence have a significant and positive effect on the family's financial situation during the pandemic. Moreover, the level of women's unpaid work was identified as a significant element that jeopardizes family financial stability. The results further support the bargaining power theory regarding a better understanding of the complexity of decision-making within households. The results point to a new channel for preserving family financial stability, through the improvement of women's financial literacy and the development of institutional and social support for their participation in the labour market.
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Zagreb International Review of Economics & Business
Year:
2022
Document Type:
Article
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