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Determinants of the perceived financial threat of COVID-19 and implications for household economic stability: an application of the partial proportional odds model

Author

Listed:
  • Maru Zewdu Kassie

    (Assosa University)

  • Seyifemickael Amare Yilema

    (Debre Tabor University
    University of Pretoria)

  • Alebachew Taye Belay

    (Debre Tabor University)

  • Najmeh Nakhaei Rad

    (University of Pretoria)

  • Ding-Geng Chen

    (University of Pretoria
    Arizona State University)

Abstract

Background The COVID-19 pandemic has been one of the most significant global health crises in recent years. This study aimed to assess the determinants of perceived financial threat of COVID-19 and its implications on household’s economic stability in Ethiopia. Methods A cross-sectional study was conducted on 3058 households from the third round of the COVID-19 high-frequency phone survey of households (HFPS-HH) data, executed by the Central Statistical Agency of Ethiopia in partnership with the World Bank. The data were extracted and managed using STATA version 17. A partial proportional odds model was applied to assess the significant predictors that affect the perceived financial threat of COVID-19. Result The analysis revealed that 79.9% of respondents (95% CI: 78.5–81.4%) experienced some level of financial threat from the COVID-19 pandemic, with the majority of them (61.7%; 95% CI: 60.0–63.4%) perceiving it as a substantial financial threat. Key factors of financial threat included Age [AOR = 1.280, P = 0.008]; COVID-19 illness worry for substantial threat (AOR = 0.546, p

Suggested Citation

  • Maru Zewdu Kassie & Seyifemickael Amare Yilema & Alebachew Taye Belay & Najmeh Nakhaei Rad & Ding-Geng Chen, 2025. "Determinants of the perceived financial threat of COVID-19 and implications for household economic stability: an application of the partial proportional odds model," Health Economics Review, Springer, vol. 15(1), pages 1-10, December.
    • Handle: RePEc:spr:hecrev:v:15:y:2025:i:1:d:10.1186_s13561-025-00637-4
    DOI: 10.1186/s13561-025-00637-4
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