Analysis on socio-economics and the economic challenges of Covid-19 at household level

This study examines how the COVID-19 shock affects households by drawing the economic challenges and provide an opportunities to reduce the impact of crisis. The online survey was used in the data collection which focuses on economic indicators such as income, job, salary, spending, debt, saving, an...

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Main Authors: Zainudin, Norzalina, Md Jusoh, Zuroni, Paim, Laily, Harun, Zubaidah, Nordin, Nurnaddia, Nordin, Nurhaiza
Format: Article
Published: Human Resource Management Academic Research Society 2022
Online Access:http://psasir.upm.edu.my/id/eprint/100215/
https://hrmars.com/index.php/IJARBSS/article/view/15195/Analysis-on-Socio-Economics-and-The-Economic-Challenges-of-Covid-19-at-Household-Level
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spelling my.upm.eprints.1002152024-07-11T02:00:57Z http://psasir.upm.edu.my/id/eprint/100215/ Analysis on socio-economics and the economic challenges of Covid-19 at household level Zainudin, Norzalina Md Jusoh, Zuroni Paim, Laily Harun, Zubaidah Nordin, Nurnaddia Nordin, Nurhaiza This study examines how the COVID-19 shock affects households by drawing the economic challenges and provide an opportunities to reduce the impact of crisis. The online survey was used in the data collection which focuses on economic indicators such as income, job, salary, spending, debt, saving, and price level. The survey reveals significant association (p<0.0001) between job category, job status and age with job risk. Low income level found to have higher risk on income reduction (ChiSq=23.94, C=0.271) at this point. Part-time and contract workers are also more vulnerable when come to the risk of income cutting because of the MCO measures. Data shows, 53.8 percent of the households agree with the high price of goods and services after the pandemic. This support with 73.3 percent of households said the pandemic slightly contributes to higher spending for basic or necessary goods. Despite a number of challenges, the pandemic offers a window of opportunity for the development of household production which there is evidence of coping strategies, such as supplementing income through gig work and home gardening. Findings can be used to target interventions designed to reduce pandemic risk and the economic challenges of the COVID-19 required monitoring in real-time. Human Resource Management Academic Research Society 2022-10-02 Article PeerReviewed Zainudin, Norzalina and Md Jusoh, Zuroni and Paim, Laily and Harun, Zubaidah and Nordin, Nurnaddia and Nordin, Nurhaiza (2022) Analysis on socio-economics and the economic challenges of Covid-19 at household level. International Journal of Academic Research in Business and Social Sciences, 12 (10). pp. 49-67. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/15195/Analysis-on-Socio-Economics-and-The-Economic-Challenges-of-Covid-19-at-Household-Level 10.6007/IJARBSS/v12-i10/15195
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description This study examines how the COVID-19 shock affects households by drawing the economic challenges and provide an opportunities to reduce the impact of crisis. The online survey was used in the data collection which focuses on economic indicators such as income, job, salary, spending, debt, saving, and price level. The survey reveals significant association (p<0.0001) between job category, job status and age with job risk. Low income level found to have higher risk on income reduction (ChiSq=23.94, C=0.271) at this point. Part-time and contract workers are also more vulnerable when come to the risk of income cutting because of the MCO measures. Data shows, 53.8 percent of the households agree with the high price of goods and services after the pandemic. This support with 73.3 percent of households said the pandemic slightly contributes to higher spending for basic or necessary goods. Despite a number of challenges, the pandemic offers a window of opportunity for the development of household production which there is evidence of coping strategies, such as supplementing income through gig work and home gardening. Findings can be used to target interventions designed to reduce pandemic risk and the economic challenges of the COVID-19 required monitoring in real-time.
format Article
author Zainudin, Norzalina
Md Jusoh, Zuroni
Paim, Laily
Harun, Zubaidah
Nordin, Nurnaddia
Nordin, Nurhaiza
spellingShingle Zainudin, Norzalina
Md Jusoh, Zuroni
Paim, Laily
Harun, Zubaidah
Nordin, Nurnaddia
Nordin, Nurhaiza
Analysis on socio-economics and the economic challenges of Covid-19 at household level
author_facet Zainudin, Norzalina
Md Jusoh, Zuroni
Paim, Laily
Harun, Zubaidah
Nordin, Nurnaddia
Nordin, Nurhaiza
author_sort Zainudin, Norzalina
title Analysis on socio-economics and the economic challenges of Covid-19 at household level
title_short Analysis on socio-economics and the economic challenges of Covid-19 at household level
title_full Analysis on socio-economics and the economic challenges of Covid-19 at household level
title_fullStr Analysis on socio-economics and the economic challenges of Covid-19 at household level
title_full_unstemmed Analysis on socio-economics and the economic challenges of Covid-19 at household level
title_sort analysis on socio-economics and the economic challenges of covid-19 at household level
publisher Human Resource Management Academic Research Society
publishDate 2022
url http://psasir.upm.edu.my/id/eprint/100215/
https://hrmars.com/index.php/IJARBSS/article/view/15195/Analysis-on-Socio-Economics-and-The-Economic-Challenges-of-Covid-19-at-Household-Level
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score 13.188404