Consumption insurance and vulnerability to poverty: a synthesis of the evidence from Bangladesh, Ethiopia, Mali, Mexico, and Russia

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cg.authorship.typesCGIAR single centreen
cg.coverage.countryBangladesh
cg.coverage.countryMali
cg.coverage.countryMexico
cg.coverage.countryRussia
cg.coverage.countryEthiopia
cg.coverage.iso3166-alpha2BD
cg.coverage.iso3166-alpha2ML
cg.coverage.iso3166-alpha2MX
cg.coverage.iso3166-alpha2RU
cg.coverage.iso3166-alpha2ET
cg.coverage.regionSouthern Asia
cg.coverage.regionWestern Africa
cg.coverage.regionNorthern America
cg.coverage.regionEastern Europe
cg.coverage.regionEastern Africa
cg.coverage.regionOceania
cg.coverage.regionSub-Saharan Africa
cg.coverage.regionCentral America
cg.creator.identifierAgnes Quisumbing: 0000-0002-5429-1857
cg.identifier.projectIFPRI - Archive
cg.number155en
cg.placeWashington, DCen
cg.reviewStatusInternal Reviewen
dc.contributor.authorSkoufias, Emmanuelen
dc.contributor.authorQuisumbing, Agnes R.en
dc.date.accessioned2024-10-24T12:50:28Zen
dc.date.available2024-10-24T12:50:28Zen
dc.identifier.urihttps://hdl.handle.net/10568/157518
dc.titleConsumption insurance and vulnerability to poverty: a synthesis of the evidence from Bangladesh, Ethiopia, Mali, Mexico, and Russiaen
dcterms.abstractThis paper synthesizes the results of five studies using household panel data from Bangladesh, Ethiopia, Mali, Mexico and Russia, which examine the extent to which households are able through formal and/or informal arrangements to insure their consumption from specific economic shocks and fluctuations in their real income. Building on the recent literature of consumption smoothing and risk sharing, the degree of consumption insurance is defined by the degree to which the growth rate of household consumption covaries with the growth rate of household income. All the case studies show that food consumption is better insured than nonfood consumption from idiosyncratic shocks. Adjustments in nonfood consumption appear to act as a mechanism for partially insuring ex-post the consumption of food from the effects of income changes. Food consumption is also more likely to be covered by informal insurance arrangements at the community level than nonfood consumption. Linkages among consumption variability, the level of household consumption, the incidence of poverty, and the probability of being ever poor and the proportion of time spent in poverty are also explored for Bangladesh, Ethiopia, and Russia. All the case studies also show that households use a portfolio of risk-coping strategies, but that different types of households may have differential ability to use these strategies. In particular, poorer households may be less able to use mechanisms that rely to initial wealth as collateral. In this regard, public transfer programs may have a more redistributive effect.en
dcterms.accessRightsOpen Access
dcterms.bibliographicCitationSkoufias, Emmanuel; and Quisumbing, Agnes R. 2003. Consumption insurance and vulnerability to poverty: a synthesis of the evidence from Bangladesh, Ethiopia, Mali, Mexico, and Russia. FCND Discussion Paper Brief 155. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/157518en
dcterms.extent2 p.en
dcterms.isPartOfFCND Discussion Paper Briefen
dcterms.issued2003
dcterms.languageen
dcterms.publisherInternational Food Policy Research Instituteen
dcterms.replaceshttps://ebrary.ifpri.org/digital/collection/p15738coll2/id/47949en
dcterms.subjectincome distributionen
dcterms.subjectshocken
dcterms.subjectconsumption functionsen
dcterms.subjectincomeen
dcterms.subjecthousehold consumptionen
dcterms.subjectrisken
dcterms.subjectinsuranceen
dcterms.subjectfood consumptionen
dcterms.subjectpovertyen
dcterms.typeBrief

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