Income risk and the benefits of social insurance
evidence from Indonesia and the United States
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Author
Contributions
- Looney, Adam. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2005 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
5,000 words, Guess
Page Count
20 pages
Identifiers
- OCLC Control Number62286477
- Open LibraryOL17628353M
Description
"This paper examines the welfare consequences of social safety nets in developing economies relative to developed economies. Using panel surveys of households in Indonesia and the United States, we find that food consumption falls by approximately ten percent when individuals become unemployed in both countries. This finding suggests that introducing a formal social insurance program would have small benefits in terms of reducing consumption fluctuations in Indonesia. However, in contrast with households in the U.S., Indonesians use costly methods such as reducing human capital investment to smooth consumption. The primary benefit of social insurance in developing countries may therefore come not from consumption smoothing itself but from reducing the use of inefficientsmoothing methods"--National Bureau of Economic Research web site.
Subjects
Topics
Series Statement
- NBER working paper paper series -- no. 11708.
- Working paper series (National Bureau of Economic Research) -- working paper no. 11708.
Links
Other Editions
- Income risk and the benefits of social insurance: evidence from Indonesia and the United States
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