Gender Differences in Consumer Debt Stress: Impacts on Job Performance, Family Life and Health

Lucia F. Dunn () and Ida Mirzaie ()
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Lucia F. Dunn: Ohio State University

Journal of Family and Economic Issues, 2023, vol. 44, issue 3, No 3, 550-567

Abstract: Abstract During periods of economic instability, women may suffer uniquely from economic stress compared to men. We examine stress effects from financial debts by gender with monthly national-level household data starting in 2006, going through the Great Recession in the U.S and into the recovery period. We find that women on average in the sample exhibit approximately 30% overall greater debt stress scores than men after controlling for income, debt levels and other socioeconomic variables. Underlying factors for both genders are examined, including impacts on job performance, family life and health. Sources of disadvantage for women and implied policy needs are explored. Our findings and their consequences are examined relative to economic circumstances for women that have been documented as a result of the pandemic-induced recession.

Keywords: Consumer debt stress; Gender; Job performance; Family life; Health; Recession (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10834-022-09862-z

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