Argentina; Macroeconomic Crisis and Household Vulnerability
Using urban household surveys, we constructed a panel dataset to study the effects of the Argentine macroeconomic crisis of 1999-2002 with the aim of (1) identifying the most vulnerable households, (2) investigating whether employment in the public sector and government spending served to decrease vulnerability, and (3) understanding the mechanisms used by households to smooth the effects of the crisis. Households whose heads were male, less educated, and employed in the construction sector were more vulnerable to the crisis, experiencing larger-than-average declines in income and higher dispersion. Households whose heads were employed in the public sector were more protected from the crisis, although higher public spending did not serve to decrease their vulnerability. A significant source of vulnerability was linked to changes in employment status, and we studied the determinants of the probability of being unemployed and of becoming unemployed. Last, we found that households were unable to perfectly smooth income shocks. Given these results, there is room for broadening social safety nets, particularly in the form of public works programs.
|Date of creation:||01 Apr 2003|
|Date of revision:|
|Contact details of provider:|| Postal: International Monetary Fund, Washington, DC USA|
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
|Order Information:||Web: http://www.imf.org/external/pubs/pubs/ord_info.htm|
References listed on IDEAS
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.:
- Nada Choueiri & Graciela Laura Kaminsky, 1999. "Has the Nature of Crises Changed? A Quarter Century of Currency Crises in Argentina," IMF Working Papers 99/152, International Monetary Fund.
- Martin Ravallion, 1999.
"Is More Targeting Consistent with Less Spending?,"
International Tax and Public Finance,
Springer;International Institute of Public Finance, vol. 6(3), pages 411-419, August.
- Oscar Altimir, 2001. "Long-term trends of poverty in Latin American countries," Estudios de Economia, University of Chile, Department of Economics, vol. 28(1 Year 20), pages 115-155, June.
- World Bank, 2001. "Household Risk, Self-Insurance and Coping Strategies in Urban Argentina," World Bank Other Operational Studies 15467, The World Bank.
- Ana Corbacho & Gerd Schwartz, 2002. "Mexico; Experiences with Pro-Poor Expenditure Policies," IMF Working Papers 02/12, International Monetary Fund.
- Frankenberg, E. & Thomas, D. & Beegle, K., 1999.
"The Real Costs of Indonesia's Economic Crisis: Preliminary Findings from the Indonesia Family Life Surveys,"
99-04, RAND - Labor and Population Program.
- Elizabeth Frankenberg & Duncan Thomas & Kathleen Beegle, 1999. "The Real Costs of Indonesian Economic Crisis: Preliminary Findings from the Indonesia Family Life Surveys," Working Papers 99-04, RAND Corporation.
- Eva Jenkner & Arye L. Hillman, 2002. "User Payments for Basic Education in Low-Income Countries," IMF Working Papers 02/182, International Monetary Fund.
- Ricardo J. Caballero, 2000.
"Structural Volatility in Argentina: A Policy Report,"
Research Department Publications
4213, Inter-American Development Bank, Research Department.
- Ricardo J. Caballero, 2000. "Structural Volatility in Argentina: A Policy Report," IDB Publications (Working Papers) 6470, Inter-American Development Bank.
- repec:pal:imfstp:v:49:y:2002:i:si:p:87-110 is not listed on IDEAS
- Jalan, Jyotsna & Ravallion, Martin, 1999. "Income gains to the poor from workfare - estimates for Argentina's TRABAJAR Program," Policy Research Working Paper Series 2149, The World Bank.
- Martin Uribe, 1996. "The Tequila effect: theory and evidence from Argentina," International Finance Discussion Papers 552, Board of Governors of the Federal Reserve System (U.S.).
When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:03/89. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow)or (Hassan Zaidi)
If references are entirely missing, you can add them using this form.