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Do Microfinance Programs Help Families Insure Consumption Against Illness?

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  • Gertler, Paul
  • Levine, David I.
  • Moretti, Enrico

Abstract

Families in developing countries face enormous financial risks from major illness both in terms of the cost of medical care and the loss in income associated with reduced labor supply and productivity. We test whether access to microfinancial savings and lending institutions helps Indonesian families smooth consumption after declines in adult health. In general, results support the importance of these institutions in helping families to self-insure consumption against health shocks.

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Bibliographic Info

Paper provided by Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley in its series Center for International and Development Economics Research, Working Paper Series with number qt5811j217.

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Date of creation: 05 Feb 2003
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Handle: RePEc:cdl:ciders:qt5811j217

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Keywords: consumption smoothing; lifecycle hypothesis; Indonesia;

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