|
Deep Blue at the University of Michigan >
All Collections >
Economics, Department of >
|
Please use this persistent URL to cite or link to this item:
|
| Title: | Labor supply responses to adverse shocks under credit constraints: evidence from Bukidnon, Philippines |
| Authors: | Malapit, Hazel Jean
Redoblado, Jade Eric
Cabungcal-Dolor, Deanna Margarett
Suministrado, Jasmin |
| Keywords: | idiosyncratic shocks
credit constraints
Philippines
labor supply
consumption smoothing |
| Issue Date: | Dec-2008 |
| Publisher: | UP School of Economics and the Philippine Economic Society |
| Citation: | The Philippine Review of Economics, Vol. 45, No. 2, December 2003, pp. 45-86. |
| Abstract: | The ability of households to insure consumption from adverse shocks is an important aspect of vulnerability to poverty. How is consumption insurance achieved in a low-income setting where formal credit and insurance markets have been observed to be imperfect or missing? Using 2003 data from the Philippine province of Bukidnon, we investigate how labor supply is used to buffer transitory income shocks in light of credit constraints. We find that the most vulnerable households are those with little education and with few or no able-bodied male members. Appropriate policy responses include countercyclical workfare programs directed at households with high female-to-male ratios, households with high dependency ratios, and households with little or no education, as well as the provision of universal education and health care. These programs are likely to be effective in strengthening the labor endowments of households and improving their ability to cope with adverse shocks in the future. |
| ISSN: | 1655-1516 |
| Appears in Collections: | Interdisciplinary and Peer-Reviewed
Economics, Department of
|
Files in This Item:
| File |
Description |
Size | Format | |
|---|
| PRE2008-45-2_02-Malapit-etal.pdf | Main article | 751Kb | Adobe PDF | View/Open |
|
Deep Blue encourages the fair use of copyrighted material, and you are free to link to content here without asking for permission. Consult the document(s) and/or contact the copyright holder for additional rights questions and requests.
|
