Health Shocks and Short-Term Consumption Growth
Published By: Madras School of Economics | Published Date: August, 01 , 2015Health shocks can affect the household economy through a substantial rise in out-of-pocket medical expenditure and/or loss of income. In such a situation, households use a range of coping mechanisms to protect nonmedical consumption. This study empirically investigates whether households are able to insure consumption in the short-term when one or more members face serious illness/death. It also analyses if health shocks have asymmetrical effects on household welfare depending on the members facing the shocks and if access to micro-credit and social capital improves the smoothing ability of the households.
Author(s): Sowmya Dhanaraj | Posted on: Sep 14, 2015 | Views() | Download (216)