Are some groups more vulnerable to macroeconomic shocks than others? Hypothesis tests based on panel data from Peru

Paul Glewwe, Gillette Hall

Research output: Contribution to journalArticlepeer-review

145 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)181-206
Number of pages26
JournalJournal of Development Economics
Volume56
Issue number1
DOIs
StatePublished - Jun 1 1998

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