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Sustainability
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Social Resilience and Household Economics: Perspectives for Sustainability
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Social Resilience and Household Economics: Perspectives for Sustainability

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (31 December 2021) | Viewed by 18855

Special Issue Editor

Prof. Dr. Miriam Marcén

E-Mail Website
Guest Editor
Department of Economic Analysis, University of Zaragoza, Zaragoza 50005, Spain
Interests: household economics; law and economics; demography and culture

Special Issue Information

Dear Colleagues,

The coronavirus pandemic (COVID-19) has created a scenario of huge uncertainty, in which healthcare aspects have been prioritized over economic and sustainable development. The question remains as to whether this will change our household economic behavior. To evaluate this question, the key concept is that of social resilience; that is, the capacity that individuals have to recover their initial state once the disturbance to which it was subjected has ceased. Cultural factors, family ties, and neighborhood networks can make social resilience an important issue in terms of household economics and sustainable development. This Special Issue is dedicated to the analysis of how social resilience in terms of household economics under a sustainable framework is possible. In particular, this Special Issue addresses the following aspects: (1) the impacts of COVID-19-related issues on social resilience in terms of household economics; (2) the relationships between household economics, social resilience, and sustainability in terms of culture, family ties, and legislation. Both areas of research may provide useful insights for policy makers.

Prof. Dr. Miriam Marcén
Guest Editor

Manuscript Submission Information

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Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • social resilience
  • household economics
  • COVID-19
  • culture and sustainability

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Published Papers (6 papers)

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Research

13 pages, 4858 KiB  
Article
Financial Shocks, Financial Stress and Financial Resilience of Australian Households during COVID-19
by Lan Sun, Garrick Small, Yueh-Hsia Huang and Tyng-Bin Ger
Sustainability 2022, 14(7), 3736; https://doi.org/10.3390/su14073736 - 22 Mar 2022
Cited by 11 | Viewed by 4139
Abstract
The purpose of this article is to provide a review of the impact of the COVID-19 pandemic on Australian household finances and understand how the pandemic has had significant repercussions for household finances and behaviours toward saving and spending goals. Based on a [...] Read more.
The purpose of this article is to provide a review of the impact of the COVID-19 pandemic on Australian household finances and understand how the pandemic has had significant repercussions for household finances and behaviours toward saving and spending goals. Based on a national survey conducted by the Australian Bureau of Statistics in December 2020, we report that financial shocks continued to hit low-income households and one-parent families with dependent children the hardest. The lowest-income households had to forfeit a week’s worth of income on a less expensive shock but three times their weekly income to absorb a more expensive shock. The low-income households and one parent family with dependent children did well in following a budget, however, they were in a weak position when considering the ability to save regularly. The overall households also had a low rate of seeking financial information, counselling or advice from a professional. These findings will have implications for the policymakers and advisors who assist households in sustaining their finances and well-being. Full article
(This article belongs to the Special Issue Social Resilience and Household Economics: Perspectives for Sustainability)
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16 pages, 959 KiB  
Article
House Prices and Marriage in Spain
by Rafael González-Val
Sustainability 2022, 14(5), 2848; https://doi.org/10.3390/su14052848 - 1 Mar 2022
Cited by 4 | Viewed by 3425
Abstract
The aim of this study is to examine the link between house prices and marriage in Spain. We consider data from 50 Spanish provinces (NUTS III regions) and from local civil registries in 282 cities with populations greater than 25,000 inhabitants. The regional [...] Read more.
The aim of this study is to examine the link between house prices and marriage in Spain. We consider data from 50 Spanish provinces (NUTS III regions) and from local civil registries in 282 cities with populations greater than 25,000 inhabitants. The regional data cover the 1995–2018 period, whereas the local sample includes information from 2005 to 2018. The marriage rate is defined as the annual absolute number of marriages per thousand inhabitants in each region or city. We used data on Spain because the Spanish housing market experienced a strong rise in house prices until 2006, when the housing bubble ended and prices dramatically decreased. By using different econometric techniques (panel data models with fixed effects and dynamic panel data models), our results reveal that there is a significant negative relationship between house prices and the marriage rate at both the regional and local levels. Overall, this study highlights the important consequences of rising house prices on family formations. Therefore, public authorities should try to reduce fluctuations in house prices and to facilitate access to home ownership for young couples. Full article
(This article belongs to the Special Issue Social Resilience and Household Economics: Perspectives for Sustainability)
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13 pages, 294 KiB  
Article
Nanoeconomics of Households in Lockdown Using Agent Models during COVID-19
by Javier Cifuentes-Faura and Renaud Di Francesco
Sustainability 2022, 14(4), 2083; https://doi.org/10.3390/su14042083 - 11 Feb 2022
Viewed by 1678
Abstract
The world is experiencing a global pandemic with COVID-19, for which few measures have proven their efficiency. Prevention through lockdown belongs to the portfolio of Non-Pharmaceutical Intervention (NPI). The implementation of a lockdown comes with a potential health care benefit balanced with an [...] Read more.
The world is experiencing a global pandemic with COVID-19, for which few measures have proven their efficiency. Prevention through lockdown belongs to the portfolio of Non-Pharmaceutical Intervention (NPI). The implementation of a lockdown comes with a potential health care benefit balanced with an economic and human cost: people are constrained to stay in their homes. Households hence have to live together in what we call “zero-space”, which means within the walls of their flat or house. The loss of “space-domain” freedom, preventing them to move in “free” space is accompanied by a continued “time-domain” freedom with the possibility to allocate their time, and what they do with it, within the location they are not permitted to leave (with very defined exceptions). We study the microeconomics framework in such a setting, starting from the rules shaping such a “nano-market” with very few agents (the members of the household), and its consequence for nano-economic interaction. Since the behaviour of the agents is hyperconstrained in the space domain and relatively free in the time domain, behavioral economics is used to describe decisions made in the home, for the actions remaining possible during lockdown. A minimal set of rules is introduced and illustrated to describe efficiently the agents at play in this new and particular context, which has been replicated worldwide during the pandemic. Hypotheses for this model are presented and discussed, so as to allow future variations and adaptations for other specific cases with different options chosen. Such hypotheses concern agents, their interests, behaviours, and the equivalent of non-financial “nano-market transactions and contracts”. Full article
(This article belongs to the Special Issue Social Resilience and Household Economics: Perspectives for Sustainability)
21 pages, 748 KiB  
Communication
Building on Vietnam’s Recent COVID-19 Success: A Job-Focused Analysis of Individual Assessments on Their Finance and the Economy
by Hai-Anh H. Dang, Long T. Giang and Minh N. N. Do
Sustainability 2021, 13(19), 10664; https://doi.org/10.3390/su131910664 - 25 Sep 2021
Cited by 5 | Viewed by 2551
Abstract
Despite the harmful effects of the COVID-19 pandemic on income and employment loss around the globe, hardly any formal study exists on household finance and future economic expectations in poorer countries. We offer an early study that aims to fill this gap from [...] Read more.
Despite the harmful effects of the COVID-19 pandemic on income and employment loss around the globe, hardly any formal study exists on household finance and future economic expectations in poorer countries. We offer an early study that aims to fill this gap from the labor market angle. We implemented and analyzed a new web-based rapid assessment survey immediately after the removal of lockdown measures in Vietnam, a low-middle income country that has received widespread recognition for its successful fight against the pandemic. We find that having a job is strongly and positively associated with better finance and more income and savings, as well as more optimism about the resilience of the economy. Further disaggregating employment along the security dimension into different types of jobs such as self-employment and jobs with permanent and short-term contracts, we find those with permanent job contracts to have fewer job worries and better assessments for the economy. Individuals with good health tend to have more positive evaluations for their current and future finance, but there is mixed evidence for those with higher educational levels. These findings are relevant for the ongoing fight against the pandemic and post-outbreak labor policies, especially in a developing country context. Full article
(This article belongs to the Special Issue Social Resilience and Household Economics: Perspectives for Sustainability)
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17 pages, 856 KiB  
Article
A Study on the Public’s Crisis Management Efficacy and Anxiety in a Pandemic Situation—Focusing on the COVID-19 Pandemic in South Korea
by Jae-Eun Lee and Seol-A Kwon
Sustainability 2021, 13(15), 8393; https://doi.org/10.3390/su13158393 - 27 Jul 2021
Cited by 3 | Viewed by 3361
Abstract
Social distancing, shutdown, and lockdown policies have recently been implemented worldwide to help slow the spread of the Coronavirus disease 2019 (COVID-19), which has caused economic, social, and cultural crises on a global scale. To help create safe communities, we aimed to analyze [...] Read more.
Social distancing, shutdown, and lockdown policies have recently been implemented worldwide to help slow the spread of the Coronavirus disease 2019 (COVID-19), which has caused economic, social, and cultural crises on a global scale. To help create safe communities, we aimed to analyze the factors affecting the public’s anxiety and efficacy to overcome crises. The results show that efficacy is associated with sex, education, central government support, the public hygiene environment, and public hygiene behaviors. Anxiety was shown to have a negative relationship with central government support, a positive relationship with civilian support, and a negative relationship with efficacy. For a country to prevent the spread of a novel infectious disease, alleviate the anxiety of the population, and construct a safe community in the midst of a global pandemic, active central government support and response, protection of vulnerable populations, publicization of policies, and crisis management communication are essential. In particular, identifying an evidence-based method to understand and address the psychological and social influences of COVID-19, such as excessive fear and discrimination, providing insight into risk factors associated with future society for policy makers, and establishing potential and sustainable public health communication strategies are of paramount importance. Full article
(This article belongs to the Special Issue Social Resilience and Household Economics: Perspectives for Sustainability)
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15 pages, 608 KiB  
Article
The Reverse Gender Gap in Volunteer Activities: Does Culture Matter?
by Héctor Bellido, Miriam Marcén and Marina Morales
Sustainability 2021, 13(12), 6957; https://doi.org/10.3390/su13126957 - 21 Jun 2021
Cited by 4 | Viewed by 2393
Abstract
Women take on 57% (men: 43%) of all volunteering globally (UN 2018). In this paper, we follow an epidemiological approach to explore the possible role of culture in determining this reverse gender gap in the time devoted to volunteer activities. To that end, [...] Read more.
Women take on 57% (men: 43%) of all volunteering globally (UN 2018). In this paper, we follow an epidemiological approach to explore the possible role of culture in determining this reverse gender gap in the time devoted to volunteer activities. To that end, we merge data from the American Time Use Survey for the years 2006–2019 and the Gender Gap Index (GGI) of the World Economic Forum 2021. We use a sample of early-arrival first- and second-generation immigrants who live in the United States. Our empirical approach rests on the fact that all these individuals have grown up under the same host country’s labor market, regulations, laws, and institutions but differ in their cultural heritage. Thus, in this setting, gender discrepancies in the time devoted to volunteer activities can be interpreted as the effect of culture. We find that more gender-equal norms in the country of origin are associated with women devoting less time to volunteer activities relative to men. We further analyze the channels shaping the culture from the country of ancestry and the existence of horizontal (within-communities) transmission of culture. Our results are robust to the use of different subsamples and to the inclusion of demographic and socio-economic controls. Full article
(This article belongs to the Special Issue Social Resilience and Household Economics: Perspectives for Sustainability)
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