El Niño or El Peso? Crisis, Poverty and Income Distribution in the Philippines
Using household survey data for 1998, this paper assesses the distributional impact of the recent economic crisis in the Philippines. The results suggest that the impact of the crisis was modest, leading to a 5% reduction in average living standards and a 9% increase in the incidence of poverty, wit...
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| Veröffentlicht in: | World development 2003-07, Vol.31 (7), p.1103-1124 |
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| creator | Datt, Gaurav Hoogeveen, Hans |
| description | Using household survey data for 1998, this paper assesses the distributional impact of the recent economic crisis in the Philippines. The results suggest that the impact of the crisis was modest, leading to a 5% reduction in average living standards and a 9% increase in the incidence of poverty, with higher increases indicated for the depth and severity of poverty. The largest share of the overall impact on poverty appears attributable to the El Niño shock as opposed to shocks mediated through the labor market. Both household and community characteristics mattered to the differential impact of the crisis. There is some evidence of consumption smoothing by the crisis-affected households, though the poor amongst them were more constrained in their ability to protect their consumption. |
| doi_str_mv | 10.1016/S0305-750X(03)00060-3 |
| format | Article |
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Crisis, Poverty and Income Distribution in the Philippines</atitle><jtitle>World development</jtitle><date>2003-07-01</date><risdate>2003</risdate><volume>31</volume><issue>7</issue><spage>1103</spage><epage>1124</epage><pages>1103-1124</pages><issn>0305-750X</issn><eissn>1873-5991</eissn><coden>WODEDW</coden><abstract>Using household survey data for 1998, this paper assesses the distributional impact of the recent economic crisis in the Philippines. The results suggest that the impact of the crisis was modest, leading to a 5% reduction in average living standards and a 9% increase in the incidence of poverty, with higher increases indicated for the depth and severity of poverty. The largest share of the overall impact on poverty appears attributable to the El Niño shock as opposed to shocks mediated through the labor market. Both household and community characteristics mattered to the differential impact of the crisis. 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| fulltext | fulltext |
| identifier | ISSN: 0305-750X |
| ispartof | World development, 2003-07, Vol.31 (7), p.1103-1124 |
| issn | 0305-750X 1873-5991 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_60599334 |
| source | RePEc; PAIS Index; Worldwide Political Science Abstracts; Sociological Abstracts; Access via ScienceDirect (Elsevier) |
| subjects | Asian crisis Consumption Currencies Development studies Economic Crises Economic crisis Economic theory Financial crisis Households Impact analysis Income Distribution Monetary policy Natural Disasters Ocean currents Philippines Poverty Standard of Living Studies |
| title | El Niño or El Peso? Crisis, Poverty and Income Distribution in the Philippines |
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