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The Impact of the Financial Crisis on Poverty and Income Distribution: Insights from Simulations in Selected Countries

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Author Info

  • Habib, Bilal

    ()
    (World Bank)

  • Narayan, Ambar

    ()
    (World Bank)

  • Olivieri, Sergio

    ()
    (World Bank)

  • Sanchez, Carolina

    ()
    (World Bank)

Abstract

As the financial crisis has spread through the world, the lack of real-time data has made it difficult to track its impact in developing countries. We use a microsimulation approach to assess the poverty and distributional effects of the crisis. In Bangladesh, Mexico, and the Philippines, we find increases in both the level and the depth of aggregate poverty. Income shocks are relatively large in the middle (and, in Mexico, the bottom) parts of the income distribution. We also find that characteristics of people who become poor because of the crisis are different from those of both chronically poor people and the general population. Our findings will be useful for policy makers wishing to identify leading monitoring indicators to track the impact of macroeconomic shocks and to design policies that protect vulnerable groups.

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File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EP7.pdf
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Bibliographic Info

Article provided by The World Bank in its journal Economic Premise.

Volume (Year): (2010)
Issue (Month): 7 (March)
Pages: 1-4

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Handle: RePEc:wbk:prmecp:ep7

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Related research

Keywords: Financial crisis; poverty; income; income distribution; developing countries; Bangladesh; Mexico; Philippines; macroeconomic shocks; poor;

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References

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  1. François Bourguignon & Maurizio Bussolo & Luiz A. Pereira da Silva, 2008. "The Impact of Macroeconomic Policies on Poverty and Income Distribution : Macro-Micro Evaluation Techniques and Tools," World Bank Publications, The World Bank, number 6586, October.
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Cited by:
  1. Ajwad, Mohamed Ihsan & Haimovich, Francisco & Azam, Mehtabul, 2012. "Simulating the impact of the 2009 financial crisis on welfare in Latvia," Policy Research Working Paper Series 5960, The World Bank.
  2. Jürgen Faik, 2012. "Income inequality and poverty in front of and during the economic crisis - An empirical investigation for Germany 2002-2010," Working Papers 255, ECINEQ, Society for the Study of Economic Inequality.
  3. Youssouf KIENDREBEOGO & Abdoulaye TALL & Kossi ASSIMAIDOU, 2013. "Social Protection for Poverty Reduction in Times of Crisis," Working Papers 201311, CERDI.

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