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Changes in household composition as a shock-mitigating strategy

Kseniya Abanokova () and Michael Lokshin ()

No WP BRP 38/EC/2013, HSE Working papers from National Research University Higher School of Economics

Abstract: This paper uses data from the Russian Longitudinal Survey that span the two recent economic recessions of 1998 and 2008 to study the effect of declining incomes on household composition. We hypothesize that individuals face a tradeoff between taking advantages of economies of scale and specialization when living with others and individual privacy. Consumption smoothing is achieved by forgoing privacy during a crisis and results in an increase in household size. Our empirical results suggest that members of the households that experienced negative income shocks are more likely to move in with others than households whose income remained the same or increased.

Keywords: household structure; coping strategy; macroeconomic shocks; Russia (search for similar items in EconPapers)
JEL-codes: J10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-mac and nep-tra
Date: 2013
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Published in WP BRP Series: Economics / EC, November 2013, pages 1-20

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http://www.hse.ru/data/2013/11/08/1282031759/38EC2013.pdf (application/pdf)

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Journal Article: Changes in household composition as a shock-mitigating strategy (2015) Downloads
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