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

Pepur Sandra (), Bulog Ivana and Smiljanić Ana Rimac
Additional contact information
Pepur Sandra: University of Split, Faculty of Economics, Business and Tourism, Cvite Fiskovića 5, 21000 Split, Croatia, 021/430-630. Fax: 021/430-705
Bulog Ivana: University of Split, Faculty of Economics, Business and Tourism, Split, Croatia.
Smiljanić Ana Rimac: University of Split, Faculty of Economics, Business and Tourism, Split, Croatia.

Zagreb International Review of Economics and Business, 2022, vol. 25, issue s1, 31-44

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.

Keywords: household financial fragility; financial literacy; indebtedness; women; unpaid work (search for similar items in EconPapers)
JEL-codes: B54 D14 G50 G53 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/zireb-2022-0023 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:zirebs:v:25:y:2022:i:s1:p:31-44:n:1003

DOI: 10.2478/zireb-2022-0023

Access Statistics for this article

Zagreb International Review of Economics and Business is currently edited by Jurica Šimurina

More articles in Zagreb International Review of Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().