Central Data Catalog

Citation Information

Type Journal Article
Title Are some groups more vulnerable to macroeconomic shocks than others? Hypothesis tests based on panel data from Peru
Volume 56
Issue 1
Publication (Day/Month/Year) 1998
Page numbers 181-206
URL http://www.sciencedirect.com/science/article/B6VBV-3W36788-9/2/cb2dbfc5c94fe47eb29cfa9c6a5e1179
Which socio-economic groups are most vulnerable to welfare declines during a macroeconomic shock? After clarifying the difference between poverty and vulnerability, this paper presents an analytical framework and applies it to panel data from Peru. Major findings are: (1) Households with better educated heads are less vulnerable; (2) Female headed households are no more vulnerable than male headed households; (3) Households with more children are more vulnerable; (4) Transfer networks that assist the poor in relatively stable periods do not protect them during a major shock, unless they originate from outside Peru; and (5) Peru's social security program is targeted neither to vulnerable nor to poor households, but other transfer programs are better targeted.

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