Naslov
Household Financial Fragility During COVID -19: the Power of Financially Literate Women

Autori
Pepur, Sandra ; Bulog, Ivana ; Rimac Smiljanić, Ana

Izvornik
Zagreb international review of economics & business (1331-5609) 25 (2022), SCI; 31-44

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
household financial fragility, financial literacy, indebtedness, women, unpaid work

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA