Vulnerability and Resilience: Informal Labor Income Dynamics during Economic Disruption in Vietnam's Post-COVID Recovery Phase

• 발행기관: People & Global Business Association
• 저자명: Ngoc Son Nguyen Vu Hiep Hoang
• 간행물 정보: 『Global Business and Finance Review』Vol.30 No.11, 210~226쪽, 전체 17쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2025.11.30

국문 초록

Purpose: This study investigates the determinants of informal labor income resilience in Vietnam's urban areas by examining the interplay between social capital networks, financial access capacity, and market adaptation capability, while considering the moderating role of institutional support and mediating effects of household coping strategies. Design/methodology/approach: Drawing upon vulnerability theory and economic resilience frameworks, the research develops and tests an integrated model using data collected from 387 informal sector workers across three major Vietnamese cities. The study employs Partial Least Squares Structural Equation Modeling (PLS-SEM) to test the hypothesized relationships and assess the measurement model's validity. Findings: The analysis reveals significant direct effects of social capital networks (β = 0.342, p < 0.001), financial access capacity (β = 0.286, p < 0.001), and market adaptation capability (β = 0.257, p < 0.001) on household coping strategies, which subsequently influences informal labor income resilience (β = 0.438, p < 0.001). Institutional support significantly moderates these relationships, highlighting the crucial role of policy interventions in strengthening resilience mechanisms. Research limitations/implications: The study's cross-sectional nature limits causal inferences, and its focus on urban areas may not fully represent rural informal sectors. Future research could employ longitudinal designs and explore rural-urban comparisons to enhance generalizability. Originality/value: This research makes three key contributions: (1) it develops and validates a comprehensive model integrating individual capabilities with institutional support in the context of informal sector resilience; (2) it provides empirical evidence for the mediating role of household coping strategies in building economic resilience; and (3) it offers practical insights for policymakers designing interventions to strengthen informal workers' economic stability in developing economies. The findings emphasize the importance of holistic policy approaches that combine capability enhancement with institutional support mechanisms.

목차

I. Introduction

II. Literature Review

III. Research Methodology

IV. Research Findings

V. Discussion of Research Results and Conclusions

References

키워드

informal labor income resilience social capital networks financial access capacity market adaptation capability institutional support

참고문헌

• Psychological Bulletin
• European Economic Review
• Journal of Economic Perspectives
• Review of Income and Wealth
• Journal of Cross-Cultural Psychology
• Journal of Development Studies
• WIEGO (Working Paper No. 1)
• International Labour Organization
• Princeton University Press
• World Bank Research Observer
• Annual World Bank Conference on Development Economics
• Journal of Political Economy
• Journal of Development Economics
• Labour Economics
• World Bank Social Protection Discussion Paper Series
• Labour Economics
• Journal of Marketing Research
• World Development
• World Development
• World Development
• Review of Income and Wealth
• Oxford University Press
• Journal of Development Economics
• Journal of Marketing Theory and Practice
• Global Business and Finance Review
• Journal of the Academy of Marketing Science
• Global Business and Finance Review
• ILO Hanoi Office
• Global Business and Finance Review
• World Development
• World Development
• Global Business and Finance Review
• American Economic Review
• World Bank Research Observer
• McGraw-Hill
• World Bank Publications
• European Economic Review
• University of Chicago Press
• Disaster Prevention and Management
• Economic Journal
• Policy Research Report on Gender and Development Working Paper Series
• IZA Discussion Paper
• Canadian Journal of Policy Research
• Global Business and Finance Review