The Distribution of Income Shocks during Crises : An Application of Quantile Analysis to Mexico, 1992-95
Moving beyond the simple comparisons of averages typical of most analyses of household income shocks, this article employs quantile analysis to generate a complete distribution of such shocks by type of household during the 1995 crisis in Mexico. I...
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| Format: | Journal Article |
| Language: | English en_US |
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Washington, DC: World Bank
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2004/05/17742607/distribution-income-shocks-during-crises-application-quantile-analysis-mexico-1992-95-vol-201-1 http://hdl.handle.net/10986/17159 |
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okr-10986-171592021-04-23T14:03:29Z The Distribution of Income Shocks during Crises : An Application of Quantile Analysis to Mexico, 1992-95 Maloney, William F. Cunningham, Wendy V. Bosch, Mariano AGGREGATE DEMAND AMERICAN ECONOMIC REVIEW BORROWING CAPITAL MARKETS CASE STUDIES CENTRAL BANK CONSUMER PRICE CONSUMER PRICE INDEX CRISES CROSS-SECTIONAL DATA DATA SET DEPENDENT VARIABLE DEVALUATION DEVELOPMENT ECONOMICS DISTRIBUTION OF INCOME EARNING ECONOMETRICS ECONOMIC REVIEW ECONOMICS RESEARCH EXPLANATORY VARIABLE EXPLANATORY VARIABLES FINANCIAL SECTOR HIGHER VOLATILITY HOUSEHOLD COMPOSITION HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD MEMBERS INCOME INCOME GROWTH INCOME LEVELS INCOME QUINTILES INCOME RISK INCOME SECURITY INCOME SHOCK INCOME SHOCKS INFLATION JOB SECURITY LABOR FORCE LABOR INCOME LABOR LAWS LABOR MARKET LABOR MARKETS LAYOFFS LEVEL OF EDUCATION LIBERALIZATION LOW INCOME MACROECONOMIC SHOCKS MEASUREMENT ERROR MEDIAN INCOME MONETARY POLICY MORTALITY MORTALITY RATES NEGATIVE COEFFICIENT NEGATIVE SHOCK NEGATIVE SHOCKS 0 HYPOTHESIS OLDER WORKERS PER CAPITA INCOME PER CAPITA INCOMES POLICY DESIGN POLICY PERSPECTIVE POLICY RESEARCH POSITIVE SHOCKS POVERTY LINE PRIMARY EDUCATION QUANTILE REGRESSIONS REAL INCOME REAL WAGE REAL WAGES REGRESSION TECHNIQUES REMUNERATION RETIREMENT REVIEW OF ECONOMICS RISK PREMIUM SAFETY SAFETY NETS SIGNIFICANT DIFFERENCES SIGNIFICANT IMPACT SMALL BUSINESS STANDARD ERRORS UNEMPLOYED UNEMPLOYMENT URBAN EMPLOYMENT VOLATILITY WAGE STRUCTURE WORK FORCE Moving beyond the simple comparisons of averages typical of most analyses of household income shocks, this article employs quantile analysis to generate a complete distribution of such shocks by type of household during the 1995 crisis in Mexico. It compares the distributions across normal and crisis periods to see whether observed differences were due to the crisis or are intrinsic to the household types. Alternatively, it asks whether the distribution of shocks during normal periods was a reasonable predictor of vulnerability to income shocks during crises. It finds large differences in the distribution of shocks by household types both before and during the crisis but little change in their relative positions during the crisis. The impact appears to have been spread fairly evenly. Households headed by people with less education (poor), single mothers, or people working in the informal sector do not appear to experience disproportionate income drops either in normal times or during crises. 2014-02-25T23:11:15Z 2014-02-25T23:11:15Z 2004-05 Journal Article http://documents.worldbank.org/curated/en/2004/05/17742607/distribution-income-shocks-during-crises-application-quantile-analysis-mexico-1992-95-vol-201-1 World Bank Economic Review http://hdl.handle.net/10986/17159 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Journal Article Publications & Research Latin America & Caribbean Mexico |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGGREGATE DEMAND AMERICAN ECONOMIC REVIEW BORROWING CAPITAL MARKETS CASE STUDIES CENTRAL BANK CONSUMER PRICE CONSUMER PRICE INDEX CRISES CROSS-SECTIONAL DATA DATA SET DEPENDENT VARIABLE DEVALUATION DEVELOPMENT ECONOMICS DISTRIBUTION OF INCOME EARNING ECONOMETRICS ECONOMIC REVIEW ECONOMICS RESEARCH EXPLANATORY VARIABLE EXPLANATORY VARIABLES FINANCIAL SECTOR HIGHER VOLATILITY HOUSEHOLD COMPOSITION HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD MEMBERS INCOME INCOME GROWTH INCOME LEVELS INCOME QUINTILES INCOME RISK INCOME SECURITY INCOME SHOCK INCOME SHOCKS INFLATION JOB SECURITY LABOR FORCE LABOR INCOME LABOR LAWS LABOR MARKET LABOR MARKETS LAYOFFS LEVEL OF EDUCATION LIBERALIZATION LOW INCOME MACROECONOMIC SHOCKS MEASUREMENT ERROR MEDIAN INCOME MONETARY POLICY MORTALITY MORTALITY RATES NEGATIVE COEFFICIENT NEGATIVE SHOCK NEGATIVE SHOCKS 0 HYPOTHESIS OLDER WORKERS PER CAPITA INCOME PER CAPITA INCOMES POLICY DESIGN POLICY PERSPECTIVE POLICY RESEARCH POSITIVE SHOCKS POVERTY LINE PRIMARY EDUCATION QUANTILE REGRESSIONS REAL INCOME REAL WAGE REAL WAGES REGRESSION TECHNIQUES REMUNERATION RETIREMENT REVIEW OF ECONOMICS RISK PREMIUM SAFETY SAFETY NETS SIGNIFICANT DIFFERENCES SIGNIFICANT IMPACT SMALL BUSINESS STANDARD ERRORS UNEMPLOYED UNEMPLOYMENT URBAN EMPLOYMENT VOLATILITY WAGE STRUCTURE WORK FORCE |
| spellingShingle |
AGGREGATE DEMAND AMERICAN ECONOMIC REVIEW BORROWING CAPITAL MARKETS CASE STUDIES CENTRAL BANK CONSUMER PRICE CONSUMER PRICE INDEX CRISES CROSS-SECTIONAL DATA DATA SET DEPENDENT VARIABLE DEVALUATION DEVELOPMENT ECONOMICS DISTRIBUTION OF INCOME EARNING ECONOMETRICS ECONOMIC REVIEW ECONOMICS RESEARCH EXPLANATORY VARIABLE EXPLANATORY VARIABLES FINANCIAL SECTOR HIGHER VOLATILITY HOUSEHOLD COMPOSITION HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD MEMBERS INCOME INCOME GROWTH INCOME LEVELS INCOME QUINTILES INCOME RISK INCOME SECURITY INCOME SHOCK INCOME SHOCKS INFLATION JOB SECURITY LABOR FORCE LABOR INCOME LABOR LAWS LABOR MARKET LABOR MARKETS LAYOFFS LEVEL OF EDUCATION LIBERALIZATION LOW INCOME MACROECONOMIC SHOCKS MEASUREMENT ERROR MEDIAN INCOME MONETARY POLICY MORTALITY MORTALITY RATES NEGATIVE COEFFICIENT NEGATIVE SHOCK NEGATIVE SHOCKS 0 HYPOTHESIS OLDER WORKERS PER CAPITA INCOME PER CAPITA INCOMES POLICY DESIGN POLICY PERSPECTIVE POLICY RESEARCH POSITIVE SHOCKS POVERTY LINE PRIMARY EDUCATION QUANTILE REGRESSIONS REAL INCOME REAL WAGE REAL WAGES REGRESSION TECHNIQUES REMUNERATION RETIREMENT REVIEW OF ECONOMICS RISK PREMIUM SAFETY SAFETY NETS SIGNIFICANT DIFFERENCES SIGNIFICANT IMPACT SMALL BUSINESS STANDARD ERRORS UNEMPLOYED UNEMPLOYMENT URBAN EMPLOYMENT VOLATILITY WAGE STRUCTURE WORK FORCE Maloney, William F. Cunningham, Wendy V. Bosch, Mariano The Distribution of Income Shocks during Crises : An Application of Quantile Analysis to Mexico, 1992-95 |
| geographic_facet |
Latin America & Caribbean Mexico |
| description |
Moving beyond the simple comparisons of
averages typical of most analyses of household income
shocks, this article employs quantile analysis to generate a
complete distribution of such shocks by type of household
during the 1995 crisis in Mexico. It compares the
distributions across normal and crisis periods to see
whether observed differences were due to the crisis or are
intrinsic to the household types. Alternatively, it asks
whether the distribution of shocks during normal periods was
a reasonable predictor of vulnerability to income shocks
during crises. It finds large differences in the
distribution of shocks by household types both before and
during the crisis but little change in their relative
positions during the crisis. The impact appears to have been
spread fairly evenly. Households headed by people with less
education (poor), single mothers, or people working in the
informal sector do not appear to experience disproportionate
income drops either in normal times or during crises. |
| format |
Journal Article |
| author |
Maloney, William F. Cunningham, Wendy V. Bosch, Mariano |
| author_facet |
Maloney, William F. Cunningham, Wendy V. Bosch, Mariano |
| author_sort |
Maloney, William F. |
| title |
The Distribution of Income Shocks during Crises : An Application of Quantile Analysis to Mexico, 1992-95 |
| title_short |
The Distribution of Income Shocks during Crises : An Application of Quantile Analysis to Mexico, 1992-95 |
| title_full |
The Distribution of Income Shocks during Crises : An Application of Quantile Analysis to Mexico, 1992-95 |
| title_fullStr |
The Distribution of Income Shocks during Crises : An Application of Quantile Analysis to Mexico, 1992-95 |
| title_full_unstemmed |
The Distribution of Income Shocks during Crises : An Application of Quantile Analysis to Mexico, 1992-95 |
| title_sort |
distribution of income shocks during crises : an application of quantile analysis to mexico, 1992-95 |
| publisher |
Washington, DC: World Bank |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2004/05/17742607/distribution-income-shocks-during-crises-application-quantile-analysis-mexico-1992-95-vol-201-1 http://hdl.handle.net/10986/17159 |
| _version_ |
1764433378472361984 |