The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology

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 har...

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Main Authors:	Friedman, Jed, Levinsohn, James
Format:	Journal Article
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	AGGREGATE MEASURE AGRICULTURAL INPUTS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AVERAGE PRICE BASIC CONSUMPTION BASIC NEEDS BLOCK GRANTS CALORIC INTAKES CHRONICALLY POOR COMMODITY PRICE COMMODITY PRICES COMMUNITY HEALTH CONSUMER SURPLUS CONSUMPTION AGGREGATE CONSUMPTION DATA CONSUMPTION INFORMATION CONSUMPTION NEEDS CONSUMPTION PATTERNS CONSUMPTION SURVEYS DATA SETS DEMOGRAPHIC COMPOSITION DROUGHT DURABLE GOODS ECONOMIC REVIEW ECONOMIC SHOCKS ELDERLY WOMEN EMERGING MARKETS EMPLOYMENT PROGRAMS EXPENDITURE EXPENDITURE DISTRIBUTION EXPENDITURE FUNCTION EXPENDITURE INFORMATION EXPENDITURE LEVEL EXPENDITURES FIREWOOD FOOD BUNDLE FOOD CONSUMPTION FOOD GOODS FOOD NEEDS FOOD PRICE FOOD PRICES GROSS DOMESTIC PRODUCT HOUSEHOLD COMPOSITION HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION SURVEY HOUSEHOLD EXPENDITURE HOUSEHOLD EXPENDITURES HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD MEMBERS HOUSEHOLD SIZE HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD WELFARE HOUSEHOLDS WITH CHILDREN HOUSING IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME DISTRIBUTION INCOME LEVELS INCOME SHOCKS INEQUALITY INFLATION LABOR MARKETS MARKET PRICES MEAT NONFOOD ITEMS POLICY RESEARCH POLITICAL ECONOMY POOR POOR HOUSEHOLDS POOR RURAL HOUSEHOLDS POORER HOUSEHOLDS POVERTY COMPARISONS POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY MEASURE POVERTY PROFILE POVERTY RATES PRICE CHANGE PRICE CHANGES PRICE INCREASE PRICE INCREASES PRICE INDICES PRICE INFORMATION PRICE LEVELS PRICE POLICY PRICING REFORMS PUBLIC GOODS REGIONAL ANALYSIS REGIONAL PROFILE REGIONAL VARIATION RELATIVE PRICE RELATIVE PRICES REMOTE RURAL AREAS RURAL RURAL AREAS RURAL HOUSEHOLD RURAL POOR RURAL POVERTY RURAL POVERTY LINE RURAL POVERTY LINES RURAL PRICES SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SHADOW PRICES SOCIAL POLICIES SPATIAL INEQUALITY SPATIAL PATTERNS SPATIAL VARIATION SPREAD STANDARD ERRORS SUBSISTENCE SUBSTITUTE SUBSTITUTES SUBSTITUTION SURPLUS TARGETING URBAN AREAS URBAN HOUSEHOLDS URBAN POVERTY LINE UTILITY LEVEL VEGETABLES WELFARE INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2002/09/17741956/distributional-impacts-indonesias-financial-crisis-household-welfare-rapid-response-methodology http://hdl.handle.net/10986/17210

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spelling	okr-10986-172102021-04-23T14:03:29Z The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology Friedman, Jed Levinsohn, James AGGREGATE MEASURE AGRICULTURAL INPUTS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AVERAGE PRICE BASIC CONSUMPTION BASIC NEEDS BLOCK GRANTS CALORIC INTAKES CHRONICALLY POOR COMMODITY PRICE COMMODITY PRICES COMMUNITY HEALTH CONSUMER SURPLUS CONSUMPTION AGGREGATE CONSUMPTION DATA CONSUMPTION INFORMATION CONSUMPTION NEEDS CONSUMPTION PATTERNS CONSUMPTION SURVEYS DATA SETS DEMOGRAPHIC COMPOSITION DROUGHT DURABLE GOODS ECONOMIC REVIEW ECONOMIC SHOCKS ELDERLY WOMEN EMERGING MARKETS EMPLOYMENT PROGRAMS EXPENDITURE EXPENDITURE DISTRIBUTION EXPENDITURE FUNCTION EXPENDITURE INFORMATION EXPENDITURE LEVEL EXPENDITURES FIREWOOD FOOD BUNDLE FOOD CONSUMPTION FOOD GOODS FOOD NEEDS FOOD PRICE FOOD PRICES GROSS DOMESTIC PRODUCT HOUSEHOLD COMPOSITION HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION SURVEY HOUSEHOLD EXPENDITURE HOUSEHOLD EXPENDITURES HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD MEMBERS HOUSEHOLD SIZE HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD WELFARE HOUSEHOLDS WITH CHILDREN HOUSING IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME DISTRIBUTION INCOME LEVELS INCOME SHOCKS INEQUALITY INFLATION LABOR MARKETS MARKET PRICES MEAT NONFOOD ITEMS POLICY RESEARCH POLITICAL ECONOMY POOR POOR HOUSEHOLDS POOR RURAL HOUSEHOLDS POORER HOUSEHOLDS POVERTY COMPARISONS POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY MEASURE POVERTY PROFILE POVERTY RATES PRICE CHANGE PRICE CHANGES PRICE INCREASE PRICE INCREASES PRICE INDICES PRICE INFORMATION PRICE LEVELS PRICE POLICY PRICING REFORMS PUBLIC GOODS REGIONAL ANALYSIS REGIONAL PROFILE REGIONAL VARIATION RELATIVE PRICE RELATIVE PRICES REMOTE RURAL AREAS RURAL RURAL AREAS RURAL HOUSEHOLD RURAL POOR RURAL POVERTY RURAL POVERTY LINE RURAL POVERTY LINES RURAL PRICES SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SHADOW PRICES SOCIAL POLICIES SPATIAL INEQUALITY SPATIAL PATTERNS SPATIAL VARIATION SPREAD STANDARD ERRORS SUBSISTENCE SUBSTITUTE SUBSTITUTES SUBSTITUTION SURPLUS TARGETING URBAN AREAS URBAN HOUSEHOLDS URBAN POVERTY LINE UTILITY LEVEL VEGETABLES WELFARE INDICATORS 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. Households with young children may have suffered disproportionately large adverse effects. 2014-03-04T20:03:34Z 2014-03-04T20:03:34Z 2002-09 Journal Article http://documents.worldbank.org/curated/en/2002/09/17741956/distributional-impacts-indonesias-financial-crisis-household-welfare-rapid-response-methodology World Bank Economic Review http://hdl.handle.net/10986/17210 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Journal Article Publications & Research East Asia and Pacific Indonesia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGGREGATE MEASURE AGRICULTURAL INPUTS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AVERAGE PRICE BASIC CONSUMPTION BASIC NEEDS BLOCK GRANTS CALORIC INTAKES CHRONICALLY POOR COMMODITY PRICE COMMODITY PRICES COMMUNITY HEALTH CONSUMER SURPLUS CONSUMPTION AGGREGATE CONSUMPTION DATA CONSUMPTION INFORMATION CONSUMPTION NEEDS CONSUMPTION PATTERNS CONSUMPTION SURVEYS DATA SETS DEMOGRAPHIC COMPOSITION DROUGHT DURABLE GOODS ECONOMIC REVIEW ECONOMIC SHOCKS ELDERLY WOMEN EMERGING MARKETS EMPLOYMENT PROGRAMS EXPENDITURE EXPENDITURE DISTRIBUTION EXPENDITURE FUNCTION EXPENDITURE INFORMATION EXPENDITURE LEVEL EXPENDITURES FIREWOOD FOOD BUNDLE FOOD CONSUMPTION FOOD GOODS FOOD NEEDS FOOD PRICE FOOD PRICES GROSS DOMESTIC PRODUCT HOUSEHOLD COMPOSITION HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION SURVEY HOUSEHOLD EXPENDITURE HOUSEHOLD EXPENDITURES HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD MEMBERS HOUSEHOLD SIZE HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD WELFARE HOUSEHOLDS WITH CHILDREN HOUSING IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME DISTRIBUTION INCOME LEVELS INCOME SHOCKS INEQUALITY INFLATION LABOR MARKETS MARKET PRICES MEAT NONFOOD ITEMS POLICY RESEARCH POLITICAL ECONOMY POOR POOR HOUSEHOLDS POOR RURAL HOUSEHOLDS POORER HOUSEHOLDS POVERTY COMPARISONS POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY MEASURE POVERTY PROFILE POVERTY RATES PRICE CHANGE PRICE CHANGES PRICE INCREASE PRICE INCREASES PRICE INDICES PRICE INFORMATION PRICE LEVELS PRICE POLICY PRICING REFORMS PUBLIC GOODS REGIONAL ANALYSIS REGIONAL PROFILE REGIONAL VARIATION RELATIVE PRICE RELATIVE PRICES REMOTE RURAL AREAS RURAL RURAL AREAS RURAL HOUSEHOLD RURAL POOR RURAL POVERTY RURAL POVERTY LINE RURAL POVERTY LINES RURAL PRICES SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SHADOW PRICES SOCIAL POLICIES SPATIAL INEQUALITY SPATIAL PATTERNS SPATIAL VARIATION SPREAD STANDARD ERRORS SUBSISTENCE SUBSTITUTE SUBSTITUTES SUBSTITUTION SURPLUS TARGETING URBAN AREAS URBAN HOUSEHOLDS URBAN POVERTY LINE UTILITY LEVEL VEGETABLES WELFARE INDICATORS
spellingShingle	AGGREGATE MEASURE AGRICULTURAL INPUTS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AVERAGE PRICE BASIC CONSUMPTION BASIC NEEDS BLOCK GRANTS CALORIC INTAKES CHRONICALLY POOR COMMODITY PRICE COMMODITY PRICES COMMUNITY HEALTH CONSUMER SURPLUS CONSUMPTION AGGREGATE CONSUMPTION DATA CONSUMPTION INFORMATION CONSUMPTION NEEDS CONSUMPTION PATTERNS CONSUMPTION SURVEYS DATA SETS DEMOGRAPHIC COMPOSITION DROUGHT DURABLE GOODS ECONOMIC REVIEW ECONOMIC SHOCKS ELDERLY WOMEN EMERGING MARKETS EMPLOYMENT PROGRAMS EXPENDITURE EXPENDITURE DISTRIBUTION EXPENDITURE FUNCTION EXPENDITURE INFORMATION EXPENDITURE LEVEL EXPENDITURES FIREWOOD FOOD BUNDLE FOOD CONSUMPTION FOOD GOODS FOOD NEEDS FOOD PRICE FOOD PRICES GROSS DOMESTIC PRODUCT HOUSEHOLD COMPOSITION HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION SURVEY HOUSEHOLD EXPENDITURE HOUSEHOLD EXPENDITURES HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD MEMBERS HOUSEHOLD SIZE HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD WELFARE HOUSEHOLDS WITH CHILDREN HOUSING IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME DISTRIBUTION INCOME LEVELS INCOME SHOCKS INEQUALITY INFLATION LABOR MARKETS MARKET PRICES MEAT NONFOOD ITEMS POLICY RESEARCH POLITICAL ECONOMY POOR POOR HOUSEHOLDS POOR RURAL HOUSEHOLDS POORER HOUSEHOLDS POVERTY COMPARISONS POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY MEASURE POVERTY PROFILE POVERTY RATES PRICE CHANGE PRICE CHANGES PRICE INCREASE PRICE INCREASES PRICE INDICES PRICE INFORMATION PRICE LEVELS PRICE POLICY PRICING REFORMS PUBLIC GOODS REGIONAL ANALYSIS REGIONAL PROFILE REGIONAL VARIATION RELATIVE PRICE RELATIVE PRICES REMOTE RURAL AREAS RURAL RURAL AREAS RURAL HOUSEHOLD RURAL POOR RURAL POVERTY RURAL POVERTY LINE RURAL POVERTY LINES RURAL PRICES SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SHADOW PRICES SOCIAL POLICIES SPATIAL INEQUALITY SPATIAL PATTERNS SPATIAL VARIATION SPREAD STANDARD ERRORS SUBSISTENCE SUBSTITUTE SUBSTITUTES SUBSTITUTION SURPLUS TARGETING URBAN AREAS URBAN HOUSEHOLDS URBAN POVERTY LINE UTILITY LEVEL VEGETABLES WELFARE INDICATORS Friedman, Jed Levinsohn, James The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology
geographic_facet	East Asia and Pacific Indonesia
description	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. Households with young children may have suffered disproportionately large adverse effects.
format	Journal Article
author	Friedman, Jed Levinsohn, James
author_facet	Friedman, Jed Levinsohn, James
author_sort	Friedman, Jed
title	The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology
title_short	The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology
title_full	The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology
title_fullStr	The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology
title_full_unstemmed	The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology
title_sort	distributional impacts of indonesia's financial crisis on household welfare : a 'rapid response' methodology
publisher	Washington, DC: World Bank
publishDate	2014
url	http://documents.worldbank.org/curated/en/2002/09/17741956/distributional-impacts-indonesias-financial-crisis-household-welfare-rapid-response-methodology http://hdl.handle.net/10986/17210
_version_	1764433270449111040

The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A 'Rapid Response' Methodology

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