Assessing Poverty and Distributional Impacts of the Global Crisis in the Philippines: A Microsimulation Approach

35 Pages Posted: 20 Apr 2016

See all articles by Bilal Habib

Bilal Habib

International Monetary Fund (IMF)

Ambar Narayan

World Bank, Poverty Global Practice

Sergio Olivieri

Universidad Nacional de La Plata

Carolina Sánchez-Páramo

World Bank

Date Written: April 1, 2010

Abstract

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. This paper uses a micro-simulation approach to assess the poverty and distributional effects of the crisis in the Philippines. The authors find increases in both the level and the depth of aggregate poverty. Income shocks are relatively large in the middle part of the income distribution. They 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. The findings can 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.

Keywords: Rural Poverty Reduction, Regional Economic Development, Labor Policies, Achieving Shared Growth, Economic Theory & Research

Suggested Citation

Habib, Bilal and Narayan, Ambar and Olivieri, Sergio and Sánchez-Páramo, Carolina, Assessing Poverty and Distributional Impacts of the Global Crisis in the Philippines: A Microsimulation Approach (April 1, 2010). World Bank Policy Research Working Paper No. 5286, Available at SSRN: https://ssrn.com/abstract=1597536

Bilal Habib (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Ambar Narayan

World Bank, Poverty Global Practice ( email )

1818 H Street, NW
Washington, DC 20433
United States

Sergio Olivieri

Universidad Nacional de La Plata ( email )

7 Nº 776
Buenos Aires, BA 1900
Argentina

Carolina Sánchez-Páramo

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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