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Author Corbacho, Ana, author

Title Argentina : macroeconomic crisis and household vulnerability / Ana Corbacho, Mercedes Garcia-Escribano, and Gabriela Inchauste
Published [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., [2003]
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Description 1 online resource (37 pages) : illustrations
Series IMF working paper ; WP/03/89
IMF working paper ; WP/03/89
Summary Using urban household surveys, we constructed a panel dataset to study the effects of the Argentine macroeconomic crisis of 1999-2002 with the aim of (1) identifying the most vulnerable households, (2) investigating whether employment in the public sector and government spending served to decrease vulnerability, and (3) understanding the mechanisms used by households to smooth the effects of the crisis. Households whose heads were male, less educated, and employed in the construction sector were more vulnerable to the crisis, experiencing larger-than-average declines in income and higher dispersion. Households whose heads were employed in the public sector were more protected from the crisis, although higher public spending did not serve to decrease their vulnerability. A significant source of vulnerability was linked to changes in employment status, and we studied the determinants of the probability of being unemployed and of becoming unemployed. Last, we found that households were unable to perfectly smooth income shocks. Given these results, there is room for broadening social safety nets, particularly in the form of public works programs
Bibliography Includes bibliographical references (pages 35-37)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Financial crises -- Economic aspects -- Argentina.
Households -- Argentina.
Quality of life -- Argentina.
Form Electronic book
Author Garcia-Escribano, Mercedes, author
Inchauste, Gabriela, author
International Monetary Fund. Fiscal Affairs Department.
ISBN 1281313084
Other Titles Argentina, macroeconomic crisis and household vulnerability