Labor supply responses to adverse shocks under credit constraints: evidence from Bukidnon, Philippines
dc.contributor.author | Malapit, Hazel Jean L. | |
dc.contributor.author | Redoblado, Jade Eric | |
dc.contributor.author | Cabungcal-Dolor, Deanna Margarett | |
dc.contributor.author | Suministrado, Jasmin | |
dc.date.accessioned | 2009-10-23T14:35:17Z | |
dc.date.available | 2009-10-23T14:35:17Z | |
dc.date.issued | 2008-12 | |
dc.identifier.citation | The Philippine Review of Economics, Vol. 45, No. 2, December 2003, pp. 45-86. <http://hdl.handle.net/2027.42/64265> | en_US |
dc.identifier.issn | 1655-1516 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/64265 | |
dc.description.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. | en_US |
dc.description.sponsorship | BASIS-CRSP through the International Food Policy Research Network (IFPRI) | en_US |
dc.description.sponsorship | Poverty and Economic Policy (PEP) Research Network, financed by the Australian Agency for International Development (AusAID) and the Government of Canada through the International Development Research Centre (IDRC) and the Canadian International Development Agency (CIDA) | en_US |
dc.format.extent | 769978 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.publisher | UP School of Economics and the Philippine Economic Society | en_US |
dc.subject | Idiosyncratic Shocks | en_US |
dc.subject | Credit Constraints | en_US |
dc.subject | Philippines | en_US |
dc.subject | Labor Supply | en_US |
dc.subject | Consumption Smoothing | en_US |
dc.title | Labor supply responses to adverse shocks under credit constraints: evidence from Bukidnon, Philippines | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Women's Studies, Department of | en_US |
dc.contributor.affiliationum | Economics, Department of | en_US |
dc.contributor.affiliationother | University of the Philippines, School of Statistics | en_US |
dc.contributor.affiliationother | University of the Philippines, College of Education | en_US |
dc.contributor.affiliationother | Action for Economic Reforms | en_US |
dc.contributor.affiliationother | Center for Conscious Living Foundation Inc., Philippines | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/64265/1/PRE2008-45-2_02-Malapit-etal.pdf | |
dc.identifier.source | The Philippine Review of Economics | en_US |
dc.owningcollname | Economics, Department of |
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