Against the odds: Unveiling the racial dynamics of financial resilience in post‐apartheid South Africa
Felix Essel‐Gaisey,
Tsun‐Feng Chiang
Abstract:Recent economic shocks have intensified financial distress and inequality, prompting research into the factors contributing to financial resilience. Previous studies have primarily employed unidimensional measures of financial resilience, neglecting the role of race. This paper addresses knowledge gaps by exploring how race influences financial resilience. Using data from the South African National Income Dynamic Study, this paper constructs a multidimensional financial resilience index, examines the relations… Show more
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