Household Responses to Adverse Income Shocks in Latin America
AbstractThis paper uses a new data set to study household responses to adverse income shocks in seven Latin American countries. The results show (i) that households respond to income shocks mainly by increasing their labor force participation, selling assets, and cutting on human capital investments, (ii) that poor households are most likely to be affected by adverse income shocks, and (iii) that lower-middle class households are more likely to cut back human capital investments and move abroad when faced with an adverse income shock. Taken together, these results offer ample justification for publicly funded safety nets targeted at the poor.
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Bibliographic InfoArticle provided by UNIVERSIDAD DE LOS ANDES-CEDE in its journal REVISTA DESARROLLO Y SOCIEDAD.
Volume (Year): (2002)
Issue (Month): ()
Contact details of provider:
Social safety nets; targeting of public programs; coping strategies;
Other versions of this item:
- Alejandro Gaviria, 2001. "Household Responses to Adverse Income Shocks in Latin America," IDB Publications 6488, Inter-American Development Bank.
- Alejandro Gaviria, 2001. "Household Responses to Adverse Income Shocks in Latin America," Research Department Publications, Inter-American Development Bank, Research Department 4273, Inter-American Development Bank, Research Department.
- Alejandro Gaviria Uribe, 2001. "Household Responses to Adverse Income Shocks in Latin America," INFORMES DE INVESTIGACIÃN, FEDESARROLLO 002795, FEDESARROLLO.
- D10 - Microeconomics - - Household Behavior - - - General
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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