Who is most vulnerable to macroeconomic shocks?
Subtitle: hypotheses tests using panel data from Peru
By: Paul Glewwe, Gillette Hall.
Contributors: Hall, Gillette, 1962-
Series: LSMS working paper,; no. 117
Publisher: World Bank
Published: 1995
Place of publication: Washington, D.C
Language: eng
Number of pages: 34
Subjects: Poverty -- Peru -- Lima.; Poor -- Peru -- Lima.; Structural adjustment (Economic policy) -- Peru.; Income -- Peru -- Lima.; Household surveys -- Peru -- Lima.
Description: This paper attempts to answer the question: Who is most vulnerable to declines in welfare during a macroeconomic shock? After clarifying the difference between poverty and vulnerability, an analytical framework is presented and then applied to household panel data from Peru. Major findings are: (a) households with better educated heads are less vulnerable; (b) female headed households are not more vulnerable to declines than male headed households; (c) households with more children are more vulnerable to macroeconomic shocks; and (d) transfer networks that may assist the poor in relatively stable periods do not appear to protect them during a major shock, with the exception of transfers that originate from outside Peru.
Notes: Includes bibliographical references (p. 33-34).