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

Household Vulnerability to Income Shocks in Emerging and Developing Asia: the Case of Cambodia, Nepal and Vietnam
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Volume/Issue: Volume 2022 Issue 064
Publication date: April 2022
ISBN: 9798400205538
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Topics covered in this book

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Economics- Macroeconomics , Economics / General , Income shocks , Informality , Covid-19 , Developing Asia , household vulnerability , appendix B , labor market vulnerability , shock outcome , cash transfer , Income , Consumption , Loans , Asia and Pacific

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.