Economic Shocks, Wealth and Welfare
James Smith () and
Duncan Thomas ()
Additional contact information
Elizabeth Frankenberg: University of California, Los Angeles
Labor and Demography from University Library of Munich, Germany
The immediate effects of the Asian crisis on the well-being of Indonesians are examined using the Indonesia Family Life Survey, an ongoing longitudinal household survey. There is tremendous diversity in the effect of the shock: for some households, it was devastating; for others it brought new opportunities. A wide array of mechanisms was adopted in response to the crisis. Households combined to more fully exploit benefits of scale economies in consumption. Labor supply increased even as real wages collapsed. Households reduced spending on semidurables while maintaining expenditures on foods. Rural households used wealth, particularly gold, to smooth consumption.
JEL-codes: J (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev and nep-ifn
Note: Type of Document - pdf; pages: 66
References: Add references at CitEc
Citations: View citations in EconPapers (28) Track citations by RSS feed
Downloads: (external link)
Journal Article: Economic Shocks, Wealth, and Welfare (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpla:0403030
Access Statistics for this paper
More papers in Labor and Demography from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().