The Impact of the Financial Crisis on Poverty and Income Distribution : Insights from Simulations in Selected Countries
As the financial crisis has spread through the world, the lack of real-time data has made it difficult to track its impact in developing countries. The authors use a micro-simulation approach to assess the poverty and distributional effects of the...
| Main Authors: | , , , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/03/12030853/impact-financial-crisis-poverty-income-distribution-insights-simulations-selected-countries http://hdl.handle.net/10986/10206 |
| Summary: | As the financial crisis has spread
through the world, the lack of real-time data has made it
difficult to track its impact in developing countries. The
authors use a micro-simulation approach to assess the
poverty and distributional effects of the crisis. In
Bangladesh, Mexico, and the Philippines, the authors find
increases in both the level and the depth of aggregate
poverty. Income shocks are relatively large in the middle
(and, in Mexico, the bottom) parts of the income
distribution. The authors also find that characteristics of
people who become poor because of the crisis are different
from those of both chronically poor people and the general
population. Findings will be useful for policy makers
wishing to identify leading monitoring indicators to track
the impact of macroeconomic shocks and to design policies
that protect vulnerable groups. |
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