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 2010. A propensity score matching technique is adopted to compare health and education investment decisions among households that were affected by income shocks to the matched comparison group. The authors...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2011/12/01
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Рабочий документ в рамках исследования вопросов политики
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WPS5926
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1
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1
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2011/12/29
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Disclosed
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Income shocks reduce human capital investments : evidence from five east European countries
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income shock