Household Vulnerability to Income Shocks in Emerging and Developing Asia: the Case of Cambodia, Nepal and Vietnam

By Alessia De Stefani, Athene Laws, Alexandre Sollaci

April 1, 2022

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Format: Chicago

Alessia De Stefani, Athene Laws, and Alexandre Sollaci. Household Vulnerability to Income Shocks in Emerging and Developing Asia: the Case of Cambodia, Nepal and Vietnam, (USA: International Monetary Fund, 2022) accessed October 6, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

We leverage survey data from emerging and developing Asia to highlight different aspects of household vulnerability to income shocks arising from the Covid-19 pandemic: occupation in Cambodia, self-insurance mechanisms in Nepal, and financial leverage in Vietnam. Occupation and ex-ante income levels emerge as the main drivers of vulnerability. We estimate that the pandemic could have placed an additional 6 to 9 percent of the population of each country in a vulnerable position, with the impact concentrated on urban, informal, and service sector workers. Government intervention and financial access emerge as key resilience-enhancing mechanisms.

Subject: Consumption, COVID-19, Financial institutions, Health, Income, Income shocks, Loans, National accounts

Keywords: Appendix B, Asia and Pacific, Cash transfer, Consumption, Covid-19, Developing Asia, Household vulnerability, Income, Income shocks, Informality, Labor market vulnerability, Loans, Shock outcome

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2022/064
Stock No:

WPIEA2022064
ISBN:

9798400205538
ISSN:

1018-5941

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