Household Vulnerability to Income Shocks in Emerging and Developing Asia: the Case of Cambodia, Nepal and Vietnam
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Summary:
We leverage survey data from emerging and developing Asia to highlight different aspects of household vulnerability to income shocks arising from the Covid-19 pandemic: occupation in Cambodia, self-insurance mechanisms in Nepal, and financial leverage in Vietnam. Occupation and ex-ante income levels emerge as the main drivers of vulnerability. We estimate that the pandemic could have placed an additional 6 to 9 percent of the population of each country in a vulnerable position, with the impact concentrated on urban, informal, and service sector workers. Government intervention and financial access emerge as key resilience-enhancing mechanisms.
Series:
Working Paper No. 2022/064
Subject:
Consumption COVID-19 Financial institutions Health Income Income shocks Loans National accounts
Frequency:
regular
English
Publication Date:
April 1, 2022
ISBN/ISSN:
9798400205538/1018-5941
Stock No:
WPIEA2022064
Pages:
37
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