IDEAS home Printed from https://ideas.repec.org/p/sol/wpaper/2013-290603.html
   My bibliography  Save this paper

Managing Economic Volatility. A Gender Perspective

Author

Listed:
  • Elena Reboul
  • Isabelle Guérin
  • Antony Raj
  • G. Venkatasubramanian

Abstract

The implications of income and expenses volatility in terms of financial practices have been widely documented, demonstrating the critical role of money management in the survival of vulnerable households. The gender of this, however, is a neglected dimension. Based on data collected in South India combining ethnography and Financial Diaries, with 8 households followed for 9 months and data disaggregated by sex, this paper discusses the methodological and theoretical implications of a gender analysis of income volatility, its management and its burden. In our context of study characterized by dynamic processes of financialisation, low and volatile incomes give to credit a prominent place in budget management strategies, both from the side of inflows and outflows. Economic volatility tends to blur the boundaries between expense, saving, credit and income; and these shifts in turn question the categories of recipient, (female) money manager or (male) breadwinner. While women tend to earn low incomes, they borrow a substantial part of household debts: and accounting for these practices alters sometimes drastically the vision of their role as breadwinners that could stem from their sole earnings. Besides, beyond borrowing, women are predominantly the ones who shoulder the responsibility for debt settlement, a task that requires skills, time, and the involvement in all a range of secondary activities aiming at ensuring repayment capacity and creditworthiness. The burden of economic volatility appears thereby to be gendered, strengthening women's unpaid domestic duties through this "labour of the debt''.

Suggested Citation

  • Elena Reboul & Isabelle Guérin & Antony Raj & G. Venkatasubramanian, 2019. "Managing Economic Volatility. A Gender Perspective," Working Papers CEB 19-015, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:sol:wpaper:2013/290603
    as

    Download full text from publisher

    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/290603/3/wp19015.pdf
    File Function: Œuvre complète ou partie de l'œuvre
    Download Restriction: no

    References listed on IDEAS

    as
    1. Supriya Garikipati & Isabelle Agier & Isabelle Guérin & Ariane Szafarz, 2017. "The Cost of Empowerment: Multiple Sources of Women’s Debt in Rural India," Journal of Development Studies, Taylor & Francis Journals, vol. 53(5), pages 700-722, May.
    2. C. Mark Blackden & Quentin Wodon, 2006. "Gender, Time Use, and Poverty in Sub-Saharan Africa," World Bank Publications, The World Bank, number 7214, November.
    3. Katharine Rankin, 2013. "A critical geography of poverty finance," Third World Quarterly, Taylor & Francis Journals, vol. 34(4), pages 547-568.
    4. Carolyn Vogler & Jan Pahl, 1993. "Social and Economic Change and the Organisation of Money within Marriage," Work, Employment & Society, British Sociological Association, vol. 7(1), pages 71-95, March.
    5. Nancy Folbre, 2006. "Measuring Care: Gender, Empowerment, and the Care Economy," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 7(2), pages 183-199.
    6. Deborah Thorne, 2010. "Extreme Financial Strain: Emergent Chores, Gender Inequality and Emotional Distress," Journal of Family and Economic Issues, Springer, vol. 31(2), pages 185-197, June.
    7. Pahl, Jan, 1995. "His money, her money: Recent research on financial organisation in marriage," Journal of Economic Psychology, Elsevier, vol. 16(3), pages 361-376, September.
    8. Kabeer, Naila, 2001. "Conflicts Over Credit: Re-Evaluating the Empowerment Potential of Loans to Women in Rural Bangladesh," World Development, Elsevier, vol. 29(1), pages 63-84, January.
    9. Abhi Dattasharma & Rajalaxmi Kamath & Smita Ramanathan, 2016. "The Burden of Microfinance Debt: Lessons from the Ramanagaram Financial Diaries," Development and Change, International Institute of Social Studies, vol. 47(1), pages 130-156, January.
    10. Ghosh, Saibal & Vinod, D., 2017. "What Constrains Financial Inclusion for Women? Evidence from Indian Micro data," World Development, Elsevier, vol. 92(C), pages 60-81.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guérin, Isabelle & Nordman, Christophe Jalil & Reboul, Elena, 2020. "The Gender of Debt and Credit: Insights from Rural Tamil Nadu," IZA Discussion Papers 13891, Institute of Labor Economics (IZA).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Isabelle Guérin & Christophe Nordman & Elena Reboul, 2019. "The gender of debt and the financialisation of development. Insights from rural southern India," Working Papers CEB 19-016, ULB -- Universite Libre de Bruxelles.
    2. Guérin, Isabelle & Nordman, Christophe Jalil & Reboul, Elena, 2020. "The Gender of Debt and Credit: Insights from Rural Tamil Nadu," IZA Discussion Papers 13891, Institute of Labor Economics (IZA).
    3. Diksha Arora, 2014. "Gender Differences in Time Poverty in Rural Mozambique," Working Paper Series, Department of Economics, University of Utah 2014_05, University of Utah, Department of Economics.
    4. Sara Yeatman & Stephanie Chamberlin & Kathryn Dovel, 2018. "Women's (health) work: A population-based, cross-sectional study of gender differences in time spent seeking health care in Malawi," PLOS ONE, Public Library of Science, vol. 13(12), pages 1-14, December.
    5. Drori, Israel & Manos, Ronny & Santacreu-Vasut, Estefania & Shoham, Amir, 2020. "How does the global microfinance industry determine its targeting strategy across cultures with differing gender values?," Journal of World Business, Elsevier, vol. 55(5).
    6. Huis, Marloes & Lensink, Robert & Vu, Nhung & Hansen, Nina, 2019. "Impacts of the Gender and Entrepreneurship Together Ahead (GET Ahead) training on empowerment of female microfinance borrowers in Northern Vietnam," World Development, Elsevier, vol. 120(C), pages 46-61.
    7. Mathilde Maitrot, 2017. "Re-visiting microfinance entrepreneurship in Bangladesh: Can losers be choosers?," Global Development Institute Working Paper Series 192017, GDI, The University of Manchester.
    8. Helen M. Haugh & Alka Talwar, 2016. "Linking Social Entrepreneurship and Social Change: The Mediating Role of Empowerment," Journal of Business Ethics, Springer, vol. 133(4), pages 643-658, February.
    9. Scheurlen, Elena, 2015. "Time allocation to energy resource collection in rural Ethiopia: Gender-disaggregated household responses to changes in firewood availability:," IFPRI discussion papers 1419, International Food Policy Research Institute (IFPRI).
    10. Bhuiyan, Muhammad Faress & Ivlevs, Artjoms, 2019. "Micro-entrepreneurship and subjective well-being: Evidence from rural Bangladesh," Journal of Business Venturing, Elsevier, vol. 34(4), pages 625-645.
    11. Isabelle Guérin & Bert D'Espallier & G. Venkatasubramanian, 2015. "The Social Regulation of Markets: Why Microcredit Fails to Promote Jobs in Rural South India," Development and Change, International Institute of Social Studies, vol. 46(6), pages 1277-1301, November.
    12. Alkire, Sabina & Meinzen-Dick, Ruth & Peterman, Amber & Quisumbing, Agnes & Seymour, Greg & Vaz, Ana, 2013. "The Women’s Empowerment in Agriculture Index," World Development, Elsevier, vol. 52(C), pages 71-91.
    13. Islam, Asadul & Nguyen, Chau & Smyth, Russell, 2015. "Does microfinance change informal lending in village economies? Evidence from Bangladesh," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 141-156.
    14. Supriya Garikipati & Susan Johnson & Isabelle Guérin & Ariane Szafarz, 2017. "Microfinance and Gender: Issues, Challenges and The Road Ahead," Journal of Development Studies, Taylor & Francis Journals, vol. 53(5), pages 641-648, May.
    15. Lídia Farré, 2013. "The Role of Men in the Economic and Social Development of Women: Implications for Gender Equality," World Bank Research Observer, World Bank Group, vol. 28(1), pages 22-51, February.
    16. Rania Salem & Yuk Fai Cheong & Kathryn M. Yount, 2018. "Is Women’s Work a Pathway to their Agency in Rural Minya, Egypt?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(2), pages 807-831, April.
    17. Grohmann, Antonia & Klühs, Theres & Menkhoff, Lukas, 2018. "Does financial literacy improve financial inclusion? Cross country evidence," World Development, Elsevier, vol. 111(C), pages 84-96.
    18. Ribes-Giner, G. & Moya-Clemente, I. & Cervelló-Royo, R. & Perello-Marin, M.R., 2018. "Domestic economic and social conditions empowering female entrepreneurship," Journal of Business Research, Elsevier, vol. 89(C), pages 182-189.
    19. Crow, Ben & Swallow, Brent & Asamba, Isabella, 2012. "Community Organized Household Water Increases Not Only Rural incomes, but Also Men’s Work," World Development, Elsevier, vol. 40(3), pages 528-541.
    20. Gayatri Koolwal & Dominique van de Walle, 2013. "Access to Water, Women's Work, and Child Outcomes," Economic Development and Cultural Change, University of Chicago Press, vol. 61(2), pages 369-405.

    More about this item

    Keywords

    gender; debt; volatility; division of labor; India;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sol:wpaper:2013/290603. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benoit Pauwels). General contact details of provider: http://edirc.repec.org/data/cebulbe.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.