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Recessions and the vulnerable

Babatunde Aiyemo

World Development, 2020, vol. 132, issue C

Abstract: This study evaluates the impact of recessions on households vulnerable to poverty. The results indicate that recessions impact vulnerable households asymmetrically in comparison to the impact of growth on poor households. We also demonstrate that this outcome is significantly influenced by a country’s extent of development. We argue that a direct consequence of the foregoing is that the efficacy of growth in poverty reduction tends to be under-stated by conventional measures of poor households’ responses to economic growth; and that safety nets need to be constructed to incorporate vulnerability to recessions.

Keywords: Poverty; Economic growth; Income distribution; Vulnerability; Safety nets. (search for similar items in EconPapers)
JEL-codes: D31 D69 I32 O11 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1016/j.worlddev.2020.104977

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