Economists have long sought to predict how macroeconomic shocks will affect individual welfare. Macroeconomic data and forecasts are easily available when crises strike. But policy action requires not only understanding the magnitude of a macro shock, but also identifying which households or individuals are being hurt by (or benefit from) the crisis. A popular solution is to extrapolate the welfare impact of a shock from the historical response of income or consumption poverty to changes in output, by estimating an 'elasticity' of poverty to growth. Although this method provides an estimate...
Economists have long sought to predict how macroeconomic shocks will affect individual welfare. Macroeconomic data and forecasts are easily available ...
We have long known that a person's chance of success in life is deeply influenced by early access to education, health services, safe water, and nutritious food. This in turn improves the likelihood that a child can live up to his or her human potential and pursue a rewarding life. As Sub-Saharan Africa (SSA) enters its 20th year of unprecedented high economic growth and hopes continue to rise, its citizens increasingly wonder if these more hopeful economic times will translate into a better future for themselves and their families. This book - the first of its kind in SSA - documents and...
We have long known that a person's chance of success in life is deeply influenced by early access to education, health services, safe water, and nutri...
