Author(s)

Difei Lu ¹

Affiliation(s)

¹ University of International Business and Economics, Beijing, China

Corresponding Author

Difei Lu

ABSTRACT

The COVID-19 epidemic not only limited the consumption space of families, but also indirectly affected their sports consumption mode and motivation through income and other factors. Moreover, this is a complex dynamic process, which needs further analysis from more micro perspectives. In the short term, the COVID-19 has a large short-term impact on China's family economy; In the long run, with the further optimization of China's economic structure, the further strengthening of market regulation capacity, and the rapid introduction of a number of favorable measures by government departments to deal with the epidemic of pneumonia. During the COVID-19 epidemic, a large number of flexible employees were unable to obtain policy support such as free salary payment and layoff protection. They had no security such as vacation salary and health insurance, and received relatively limited social support. During the COVID-19 pandemic, informal workers generally faced health crisis and income reduction, and a large number of informal workers were on the verge of unemployment. The essence of these goals is to gain income and increase family wealth through financial management.

KEYWORDS

COVID-19 epidemic, Family economic vulnerability, Risk aversion

CITE THIS PAPER

Difei Lu, Influence of COVID-19 Epidemic on Family Economic Vulnerability . Financial Engineering and Risk Management (2023) Vol. 6: 27-33. DOI: http://dx.doi.org/10.23977/ferm.2023.060105.

REFERENCES

[1] Dave D, Friedson A, Matsuzawa K, et al. Risk Aversion, Offsetting Community Effects, and Covid-19: Evidence from an Indoor Political Rally[J]. 2020, 54(2):62-77.
[2] Kluwe-Schiavon B, Viola T W, Bandinelli L P, et al. A behavioral economic risk aversion experiment in the context of the COVID-19 pandemic [J]. PLOS ONE, 2021, 16(20):32-47.
[3] Lau L J, Xiong Y. The COVID-19 Epidemic in China [J]. China Center for Disease Control and Prevention Weekly Report, 2020, 2(34):5-18.
[4] Wang Y, Yan M. Past Experiences, Personality Traits, and Risk Aversion: Evidence from Individual Risk Attitudes during the COVID-19 Pandemic [J]. Frontier of Chinese economics: English version, 2020, 15(4):51-74.
[5] Irene M, Maximiliano S A, Kidwai A H. Higher order risk attitudes in the time of COVID-19: an experimental study[J]. Oxford Economic Papers, 2022, 57(1):1-14.
[6] Alba C, Cuadra G, JR Hernández, et al. Capital Flows to Emerging Economies and Global Risk Aversion during the COVID-19 Pandemic[J]. Working Papers, 2021, 62(18):31-57.
[7] Azam T, Mohsin M, Naseem S, et al. Economic Growth Vulnerability Amid the COVID-19 Epidemic: A Systematic Review of Different Sectors of Pakistan[J]. Revista Argentina De Clinica Psicologia, 2020, 29(4):705-713.
[8] Ahmad M, Iram K, Jabeen G. Perception-based influence factors of intention to adopt COVID-19 epidemic prevention in China[J]. Environmental Research, 2020, 190(85):109995-109999.
[9] Diop S, Nnanna J. Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence[J]. Research Africa Network Working Papers, 2020, 38(11):26-55.
[10] Millroth P, Frey R. Fear and anxiety in the face of COVID-19: Negative dispositions towards risk and uncertainty as vulnerability factors[J]. Journal of Anxiety Disorders, 2021, 83(57):102454-102466. 

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Accounting and Corporate Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics