RT Journal Article
T1 Job expectations and financial fragility: evidence from pre-COVID Spain
A1 Álvarez Espiño, Marcos
A1 Fernández López, Sara
A1 Rey-Ares, Lucía
K1 Employment status
K1 Financial fragility
K1 Job expectations
K1 Part-time employment
K1 Self-employment
K1 Unemployment
AB Previous research has related household financial fragility (FF) and the employment status of the household members by focusing only on the labour income channel. In contrast, the literature has scarcely addressed the study of this relationship from a psychological perspective that could be related to the theory of bounded rationality. This article aims to analyse how job expectations relate to the level of household FF. Using a sample of 8554 Spanish individuals in the period 2016–2017, we construct a multidimensional index of household FF. The results indicate that households with unemployed, self-employed, or part-time workers have higher levels of FF, but the job expectations of the household and the individual play an even more important role in the level of the FF. These findings suggest that the perception of labour market uncertainty may influence the level of household FF to a greater extent than the objective employment situations of the individuals.
PB Springer
SN 0377-7332
YR 2023
FD 2023
LK http://hdl.handle.net/10347/33115
UL http://hdl.handle.net/10347/33115
LA eng
NO Álvarez-Espiño, M., Fernández-López, S. & Rey-Ares, L. Job expectations and financial fragility: evidence from pre-COVID Spain. Empir Econ (2023). https://doi.org/10.1007/s00181-023-02499-3
NO Open Access funding provided thanks to the CRUE-CSIC agreement with Springer Nature. Marcos Álvarez-Espiño acknowledges financial support from the Spanish Ministry of Universities through the FPU grant (Ayudas para la Formación del Profesorado Universitario) [FPU grant: FPU21/03287]. The authors acknowledge the support of the Consellería de Cultura, Educación e Universidade through the “Axudas para a consolidación e estruturación de unidades de investigación competitivas”. The authors acknowledge the funding of the Universidade de Santiago de Compostela/CISUG for open access charge
DS Minerva
RD 23 abr 2026