Assessing poverty and distributional impacts of the global crisis in the Philippines : a microsimulation approach
AbstractAs 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. This paper uses a micro-simulation approach to assess the poverty and distributional effects of the crisis in the Philippines. The authors find increases in both the level and the depth of aggregate poverty. Income shocks are relatively large in the middle part of the income distribution. They 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. The findings can 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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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5286.
Date of creation: 01 Apr 2010
Date of revision:
Rural Poverty Reduction; Regional Economic Development; Labor Policies; Achieving Shared Growth; Economic Theory&Research;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-22 (All new papers)
- NEP-CMP-2010-05-22 (Computational Economics)
- NEP-DEV-2010-05-22 (Development)
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- van der Meulen Rodgers, Yana & Menon, Nidhiya, 2012. "Impact of the 2008–2009 Twin Economic Crises on the Philippine Labor Market," World Development, Elsevier, vol. 40(11), pages 2318-2328.
- Nidhiya Menon & Yana van der Meulen Rodgers, 2010.
"Impact of the 2008-2009 Food, Fuel, and Financial Crisis On the Philippine Labor Market,"
17, Brandeis University, Department of Economics and International Businesss School.
- van der Meulen Rodgers, Yana & Menon, Nidhiya, 2011. "Impact of the 2008-2009 Food, Fuel, and Financial Crisis on the Philippine Labor Market," IZA Discussion Papers 6204, Institute for the Study of Labor (IZA).
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