The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare: "A Rapid Response Methodology"
dc.contributor.author | Friedman, Jed | en_US |
dc.contributor.author | Levinsohn, James A. | en_US |
dc.date.accessioned | 2006-08-01T16:24:15Z | |
dc.date.available | 2006-08-01T16:24:15Z | |
dc.date.issued | 2001-07-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2001-387 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39771 | en_US |
dc.description.abstract | Analyzing the distributional impacts of economic crises is important and, unfortunately, an ever more pressing need. If policymakers are to intervene to help those most adversely impacted, then policymakers need to identify those who have been most harmed and the magnitude of that harm. Furthermore, policy responses to economic crises typically must be timely. In this paper, we develop a simple methodology to fill the order and we've applied our methodology to analyze the impact of the Indonesian economic crisis on household welfare there. Using only pre-crisis household information, we estimate the compensating variation for Indonesian households following the 1997 Asian currency crisis and then explore the results with flexible non-parametric methods. We find that virtually every household was severely impacted, although it was the urban poor that fared the worst. The ability of poor rural households to produce food mitigated the worst consequences of the high inflation. The distributional conseqences are the same whether we allow households to substitute towards relatively cheaper goods or not. However the geographic location of the household mattered even within urban or rural areas and household income categories. Additionally, households with young children may have suffered disproportionately adverse effects. | en_US |
dc.format.extent | 71478 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 793320 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 387 | en_US |
dc.subject | Indonesia, Currency Crisis, Welfare Distribution, Compensating Variation, Non-parametric Regression | en_US |
dc.title | The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare: "A Rapid Response Methodology" | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39771/3/wp387.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.