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Do Microfinance Programs Help Families Insure Consumption Against Illness?

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Author Info

  • Paul Gertler

    (Haas School of Business, UC Berkeley & NBER)

  • David I. Levine

    (Haas School of Business, UC Berkeley)

  • Enrico Moretti

    (Department of Economics, UCLA)

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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File URL: http://128.118.178.162/eps/dev/papers/0303/0303004.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Development and Comp Systems with number 0303004.

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Length: 27 pages
Date of creation: 25 Mar 2003
Date of revision:
Handle: RePEc:wpa:wuwpdc:0303004

Note: 27 pages, Acrobat .pdf
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Web page: http://128.118.178.162

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