The Household Response to the Mexican Peso Crisis
November 2001 Household expenditure surveys are used to examine the effects of the Mexican peso crisis on household consumption and employment. The crisis is seen to have caused income and consumption to decline for all groups of society, although the relative impact differed by the education, industry and residence of the household head. The main smoothing mechanism was a change in the composition of consumption. Households are shown to have increased their expenditure share on certain food items even more than Engel’s law would predict, reducing their expenditure on luxury goods in order to do so. Labour supply is not found to have responded strongly to the crisis. Working Papers Index
|Date of creation:||Nov 2001|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www-econ.stanford.edu/econ/workp/
More information through EDIRC
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.:
- Martin Browning & Thomas F. Crossley, 2000.
"Shocks, Stocks and Socks: Consumption Smoothing and the Replacement of Durables During an Unemployment Spell,"
Econometric Society World Congress 2000 Contributed Papers
0386, Econometric Society.
- Browning, M. & Crossley, T., 1999. "Shocks, Stocks and Socks: Consumption Smoothing and the Replacement of Durables During an Unemployment Spell," ANU Working Papers in Economics and Econometrics 1999-376, Australian National University, College of Business and Economics, School of Economics.
- Browning, M. & Crossley, T., 1999. "Shocks, Stocks and Socks: Consumption Smoothing and the Replacement of Durables During an Unemployment Spell," Papers 376, Australian National University - Department of Economics.
- Martin Browning & Thomas Crossley, . "Shocks, stocks and socks: consumption smoothing and the replacement of durables during an unemployment spell," Canadian International Labour Network Working Papers 27, McMaster University.
- Verbeek, M.J.C.M. & Nijman, T.E., 1990.
"Can cohort data be treated as genuine panel data?,"
1990-64, Tilburg University, Center for Economic Research.
- 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 Publications Department.
- Nijman, T.E. & Verbeek, M.J.C.M., 1993. "Minimum MSE estimation of a regression model with fixed effects from a series of cross sections," Other publications TiSEM 34c1104a-a64b-4030-be99-b, Tilburg University, School of Economics and Management.
- James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
- Lopez-Acevedo, Gladys & Salinas, Angel, 2000. "How Mexico's financial crisis affected income distribution," Policy Research Working Paper Series 2406, The World Bank.
- Orazio P. Attanasio & Miguel Székely, 1998.
"Household Savings and Income Distribution in Mexico,"
Research Department Publications
4152, Inter-American Development Bank, Research Department.
- Orazio P. Attanasio & Miguel Székely, 1998. "Household Savings and Income Distribution in Mexico," IDB Publications (Working Papers) 6449, Inter-American Development Bank.
- Verbeek, Marno & Nijman, Theo, 1993.
"Minimum MSE estimation of a regression model with fixed effects from a series of cross-sections,"
Journal of Econometrics,
Elsevier, vol. 59(1-2), pages 125-136, September.
- Verbeek, M. & Nijman, T., 1992. "Minimum MSE Estimatin of a Regression Model with Fixed Effects from a Series of Cross Sections," Papers 9201, Tilburg - Center for Economic Research.
- Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
When requesting a correction, please mention this item's handle: RePEc:wop:stanec:01017. 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: (Thomas Krichel)
If references are entirely missing, you can add them using this form.