Income Shocks Reduce Human Capital Investments : Evidence from Five East European Countries

This paper empirically investigates whether households affected by income shocks cope by reducing human capital investments. The analysis uses Crisis Response Surveys conducted in Armenia, Bulgaria, Montenegro, Romania, and Turkey during 2009 and 2...

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Bibliographic Details
Main Authors:	Dasgupta, Basab, Ajwad, Mohamed Ihsan
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ABILITY TO PAY ADVERSE EFFECTS AGGREGATE INCOME BANK POLICY BORROWING BUDGET CONSTRAINTS CAPITAL ACCUMULATION CAPITAL INVESTMENT CAPITAL INVESTMENTS CHILD HEALTH CREDIT MARKETS CRISES DENTAL CARE DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT OUTCOMES DISASTERS DOCTORS DUMMY VARIABLE DURABLE DURABLE GOODS ECONOMIC CRISES ECONOMIC REVIEW ECONOMIC STUDIES ELDERLY PEOPLE EMPIRICAL ANALYSIS EMPIRICAL FINDINGS EXPENDITURE EXPENDITURES FAMILIES FAMILY LABOR FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SHOCK GOVERNMENT BUDGET HEALTH CARE HEALTH CARE CENTERS HEALTH CARE FACILITIES HEALTH CARE UTILIZATION HEALTH ECONOMICS HEALTH EFFECTS HEALTH EXPENDITURES HEALTH INSURANCE HEALTH INVESTMENTS HEALTH OUTCOMES HEALTH SERVICES HOSPITALIZATION HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD SIZE HOUSEHOLD SURVEYS HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCOME COMPONENTS INCOME EFFECT INCOME SHOCK INCOME SHOCKS INFANT MORTALITY INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INNOVATIONS INSURANCE INTERNATIONAL BANK INVESTMENT DECISIONS LABOR ECONOMICS LABOR MARKET LABOR SUPPLY LIFE INSURANCE LIVING STANDARDS LOCAL GOVERNMENT MARKET CONDITIONS MEAN VALUE MEDICAL CARE MEDICINES MORTALITY MORTALITY RATES NATURAL DISASTERS NORMAL DISTRIBUTION 0 HYPOTHESIS NUTRITION OPPORTUNITY COST PENSION POLICY DISCUSSIONS POLICY IMPLICATIONS POLICY RESEARCH POOR HOUSEHOLDS POST-CRISIS PERIOD PRIMARY EDUCATION PRIMARY HEALTH CARE PROBABILITY PUBLIC ECONOMICS REMITTANCES SAFETY SAFETY NET SAFETY NETS SENSITIVITY ANALYSIS SETTLEMENT SIGNIFICANT DIFFERENCES SOCIAL EXCLUSION UNEMPLOYMENT USE OF HEALTH SERVICES WAGES WITHDRAWAL WORKING HOURS
Online Access:	http://hdl.handle.net/10986/3695

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http://hdl.handle.net/10986/3695

Income Shocks Reduce Human Capital Investments : Evidence from Five East European Countries

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