Income Shocks Reduce Human Capital Investments : Evidence from Five East European Countries

Vista sencilla de ítem
dc.creatorDasgupta, Basab
dc.creatorAjwad, Mohamed Ihsan
dc.date2012-03-19T18:07:00Z
dc.date2012-03-19T18:07:00Z
dc.date2011-12-01
dc.date.accessioned2026-07-01T01:05:56Z
dc.descriptionThis paper empirically investigates whether households affected by income shocks cope by reducing human capital investments. The analysis uses Crisis Response Surveys conducted in Armenia, Bulgaria, Montenegro, Romania, and Turkey during 2009 and 2010. A propensity score matching technique is adopted to compare health and education investment decisions among households that were affected by income shocks to the matched comparison group. The authors find that households affected by income shocks reduced some human capital investments. Interestingly, households in these five countries were more likely to adopt health-related coping strategies as opposed to education-related coping strategies. The results from Armenia, Bulgaria, Montenegro, and Turkey show that households affected by income shocks reduced their visits to doctors and reduced their spending on medicine and medical care significantly more than the matched comparison group. Households affected by income shocks reduced their education investments, but did not adopt harmful education-related coping strategies, such as withdrawing children from schools or moving children from costly private to cheaper public schools. These findings reveal that long-term and possibly intergenerational household welfare could be affected by short-run income shocks and hence underscore the need for governments to employ mitigation measures.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111229165530
dc.identifierhttps://hdl.handle.net/10986/3695
dc.identifierhttps://doi.org/10.1596/1813-9450-5926
dc.identifier.urihttp://hdl.handle.net/123456789/415187
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5926
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectABILITY TO PAY
dc.subjectADVERSE EFFECTS
dc.subjectAGGREGATE INCOME
dc.subjectBANK POLICY
dc.subjectBORROWING
dc.subjectBUDGET CONSTRAINTS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCHILD HEALTH
dc.subjectCREDIT MARKETS
dc.subjectCRISES
dc.subjectDENTAL CARE
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT OUTCOMES
dc.subjectDISASTERS
dc.subjectDOCTORS
dc.subjectDUMMY VARIABLE
dc.subjectDURABLE
dc.subjectDURABLE GOODS
dc.subjectECONOMIC CRISES
dc.subjectECONOMIC REVIEW
dc.subjectECONOMIC STUDIES
dc.subjectELDERLY PEOPLE
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL FINDINGS
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectFAMILIES
dc.subjectFAMILY LABOR
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SHOCK
dc.subjectGOVERNMENT BUDGET
dc.subjectHEALTH CARE
dc.subjectHEALTH CARE CENTERS
dc.subjectHEALTH CARE FACILITIES
dc.subjectHEALTH CARE UTILIZATION
dc.subjectHEALTH ECONOMICS
dc.subjectHEALTH EFFECTS
dc.subjectHEALTH EXPENDITURES
dc.subjectHEALTH INSURANCE
dc.subjectHEALTH INVESTMENTS
dc.subjectHEALTH OUTCOMES
dc.subjectHEALTH SERVICES
dc.subjectHOSPITALIZATION
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHOUSEHOLD SIZE
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME
dc.subjectINCOME COMPONENTS
dc.subjectINCOME EFFECT
dc.subjectINCOME SHOCK
dc.subjectINCOME SHOCKS
dc.subjectINFANT MORTALITY
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINNOVATIONS
dc.subjectINSURANCE
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTMENT DECISIONS
dc.subjectLABOR ECONOMICS
dc.subjectLABOR MARKET
dc.subjectLABOR SUPPLY
dc.subjectLIFE INSURANCE
dc.subjectLIVING STANDARDS
dc.subjectLOCAL GOVERNMENT
dc.subjectMARKET CONDITIONS
dc.subjectMEAN VALUE
dc.subjectMEDICAL CARE
dc.subjectMEDICINES
dc.subjectMORTALITY
dc.subjectMORTALITY RATES
dc.subjectNATURAL DISASTERS
dc.subjectNORMAL DISTRIBUTION
dc.subject0 HYPOTHESIS
dc.subjectNUTRITION
dc.subjectOPPORTUNITY COST
dc.subjectPENSION
dc.subjectPOLICY DISCUSSIONS
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOST-CRISIS PERIOD
dc.subjectPRIMARY EDUCATION
dc.subjectPRIMARY HEALTH CARE
dc.subjectPROBABILITY
dc.subjectPUBLIC ECONOMICS
dc.subjectREMITTANCES
dc.subjectSAFETY
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSENSITIVITY ANALYSIS
dc.subjectSETTLEMENT
dc.subjectSIGNIFICANT DIFFERENCES
dc.subjectSOCIAL EXCLUSION
dc.subjectUNEMPLOYMENT
dc.subjectUSE OF HEALTH SERVICES
dc.subjectWAGES
dc.subjectWITHDRAWAL
dc.subjectWORKING HOURS
dc.titleIncome Shocks Reduce Human Capital Investments : Evidence from Five East European Countries

Archivos

Colecciones

AgroKnow