Naslov
The financialization of everyday life, household economies and new vulnerabilities

Autori
Rodik, Petra ; Žitko, Mislav

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni

Skup
Household resilience in times of crisis

Mjesto i datum
Berlin, Njemačka, 17.01.2017

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
financialization ; household debt ; FX loans ; household economy ; resilience

Sažetak
The recent household debt crisis in Croatia has shown that the financialization of everyday life has exposed households to new vulnerabilities. Having FX loans with variable interest rates has meant a highly increased debt burden hitting household budgets and drawing many below the poverty line. This leads us to the issue of the social distribution of new risks brought by financialization. We argue that there is an intrinsic complexity behind households’ use of financial products, which cannot be fully grasped by common indicators of income and liabilities distribution. Therefore, we address the role of financial products within household economies. Cluster analysis of a recent dataset (Bagić et al. 2014, N 1000), including a broad set of indicators of financial and non-financial assets, liabilities, economic practices and sociodemographics, shows six types of household economies with different exposure to financialization risks and varying capacity of resilience in case of a crisis.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Sociologija

POVEZANOST RADA