Listen to Your Wife When It Comes to Saving Decision: Women’s Bargaining Power and Household’s Saving Outcome in Indonesia

Sulistiadi Iskandar () and Faradina Maizar

No 202055, LPEM FEBUI Working Papers from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: Despite many advantages of women’s higher role in literature, GoI seems to lack commitment in addressing women empowerment issues as their priority agenda. Having more empowered women in our society becomes more salient as several studies suggest that it will lead to better financial outcomes such as saving in the household. In the era of the COVID-19 pandemic, where one could lose their source of income easily due to social restriction, having a society with a higher saving level is essential. By exploiting three waves (2000, 2007, 2014) of Indonesian Family Life Survey (IFLS) data and employing Fixed-Effect panel data analysis, this study found that a limited increase in the role of a wife in the household’s financial decision-making process will lead to a higher level of saving outcome, thus provide more resilience society toward the pandemic situation.

Keywords: household; savings; —; women’s; bargaining; power; —; intra-household; decision-making; —; COVID-19; —; Indonesia (search for similar items in EconPapers)
JEL-codes: C70 D13 D14 J16 (search for similar items in EconPapers)
Date: 2020-55, Revised 2020
New Economics Papers: this item is included in nep-cwa, nep-dev and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:lpe:wpaper:202055

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