The distributional impacts of Indonesia's financial crisis on household welfare: A "rapid response" methodology
The distributional impacts of Indonesia's financial crisis on household welfare: A "rapid response" methodology
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DOI：
10.1093/wber/lhf001
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发表时间：
2002-01-01
影响因子：
2.5
通讯作者：
Levinsohn, J
中科院分区：
文献类型：
--
作者：
Friedman, J;Levinsohn, J
分析经济危机的分配影响是一项日益紧迫的需求。如果政策制定者要进行干预以帮助那些受影响最严重的人，他们需要确定那些受损最严重的人，并估计他们所遭受伤害的程度。他们还必须及时做出反应。本文开发了一种简单的方法来衡量这些影响，并将其应用于分析印度尼西亚经济危机对家庭福利的影响。仅使用危机前的家庭信息，它估计了1997年亚洲货币危机后印度尼西亚家庭的补偿变动，然后用灵活的非参数方法探究结果。研究发现，几乎每个家庭都受到了严重影响，尽管城市贫困人口的情况最糟。贫困农村家庭生产粮食的能力缓解了高通货膨胀带来的最严重后果。无论家庭是否被允许用相对便宜的商品替代，分配结果都是相同的。即使在城市或农村地区以及家庭收入类别内，家庭的地理位置也很重要。有幼儿的家庭可能遭受了不成比例的巨大负面影响。
Analyzing the distributional impacts of economic crises is an ever more pressing need. If policymakers are to intervene to help those most adversely affected, they need to identify those who have been hurt most and estimate the magnitude of the harm they have suffered. They must also respond in a timely manner. This article develops a simple methodology for measuring these effects and applies it to analyze the impact of the Indonesian economic crisis on household welfare. Using only pre-crisis household information, it estimates the compensating variation for Indonesian households following the 1997 Asian currency crisis and then explores the results with flexible nonparametric methods. It finds that virtually every household was severely affected, although the urban poor fared the worst. The ability of poor rural households to produce food mitigated the worst consequences of the high inflation. The distributional consequences are the same whether or not households are permitted to substitute toward relatively cheaper goods. The geographic location of the household matters even within urban or rural areas and household income categories. Households with young children may have suffered disproportionately large adverse effects.