Shocks to Philippine households: Incidence, idiosyncrasy and impact

Joseph Capuno, Aleli Kraft, Stella Luz Quimbo () and Carlos Antonio, Jr. Tan
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Aleli Kraft: School of Economics, University of the Philippines
Carlos Antonio, Jr. Tan: School of Economics, University of the Philippines

No 201312, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: With their country located in the Pacific Ring of Fire and in the monsoon belt, Philippine households are perennially exposed to natural disasters and calamities. In addition, they face health, economic and sociopolitical risks. Using a nationally representative sample of households, we assess the overall incidence of different shocks, the extent to which they simultaneously affect households in the same area, and their impact. A huge majority of households experience shocks, with the incidence of different shocks being roughly the same for poor and rich households. Natural and economic shocks appear to affect more households simultaneously in the same area than sociopolitical shocks, health shocks and deaths. Health shocks and deaths lead to greater short-term and long-term impacts. Richer households are able to recover better than the poor. We draw some implications for the design and targeting of social health insurance, disaster management and other social protection programs.

Keywords: Household shocks; coping mechanisms; welfare (search for similar items in EconPapers)
JEL-codes: D10 I38 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2013-11
New Economics Papers: this item is included in nep-dev, nep-ias and nep-sea
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Published as UPSE Discussion Paper No. 2013-12, November 2013

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http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/737 (application/pdf)

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Journal Article: Shocks to Philippine Households: incidence, idiosyncrasy, and impact (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:phs:dpaper:201312

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