Remittances and Households in the Age of Neoliberal Uncertainty

Khanal, Kalpana; Todorova, Zdravka

doi:10.1080/00213624.2019.1603763

Cited by 9 publications

(1 citation statement)

References 31 publications

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“…Similar to physical assets in supporting sustainable livelihoods, financial assets relate to cash and cash equivalents held by self‐employed workers or small household companies in the informal sector, such as income, bank savings, or loans (Baffoe & Matsuda, 2018). Following Komolafe, Adegboyega, Anifowose, Akinluyi, and Awoniran (2014), Linnerooth‐Bayer and Hochrainer‐Stigler (2015), Wijerathna et al (2018), Khanal and Todorova (2019), and Hung, Lu, and Hung (2019), we utilize “income” and “credit” as two financial assets that the remote informal sector relies on to adapt to short financial shocks caused by COVID‐19 (Table 2). Previous research concludes that those with a higher income are more resistant to unexpected external shocks (Baffoe & Matsuda, 2018; Deressa et al, 2009).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Adapting to the new normal: A sustainable livelihood framework for the informal sectors during COVID‐19

Nguyen‐Anh

Leu

Nguyen‐Thi‐Phuong

et al. 2023

Review Development Economics

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The extraordinary COVID-19 outbreak has heightened the existential dangers to the informal sector. This study explores the informal sector's tactics in Vietnam for mitigating the pandemic's effects and better adapting to the new normal. Using a sustainable livelihood approach (SLA) and multivariate model for ordered choices (MVOC) to conduct surveys on 513 subjects from the informal labor, our findings indicate that financial management is the most prevalent technique for mitigating the effects of COVID-19. Notably, the perception of the COVID-19 pandemic's impact on income and health is crucial to the adoption of mitigation efforts. The Vietnamese government, State Bank, and financial institutions should provide more help to the informal sector, particularly those operating in remote locations so that they can increase their resilience through mitigating measures. In parallel, the informal sector should participate in more deliberate forward mitigation planning in the anticipation of inevitable future shocks.

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