<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

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

University of Split, Faculty of Economics

Zagreb International Review of Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

This paper analyses household financial fragility during the COVID-19 pandemic. Considering the barging theory in households’ decision-making, this paper...

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

Published Online: Dec 12, 2022

Page range: 31 - 44

DOI: https://doi.org/10.2478/zireb-2022-0023

Keywords
household financial fragility, financial literacy, indebtedness, women, unpaid work

© 2022 Sandra Pepur et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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

Published Online: Dec 12, 2022

Page range: 31 - 44

DOI: https://doi.org/10.2478/zireb-2022-0023

Keywordshousehold financial fragility, financial literacy, indebtedness, women, unpaid work

© 2022 Sandra Pepur et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
household financial fragility, financial literacy, indebtedness, women, unpaid work