Article: Adapting to an aggregate shock: The impact of the Covid-19 crisis on rural households.
Review of economics of the household
2022 Volume 21, Issue 1, Page(s) 19–36
Abstract: We examine the response of rural Ugandan households to a large aggregate shock, the Covid-19 pandemic, during and one year after the first lockdown in March 2020. Using 6 rounds of phone surveys from 558 households in western Uganda, we find that ... ...
Abstract | We examine the response of rural Ugandan households to a large aggregate shock, the Covid-19 pandemic, during and one year after the first lockdown in March 2020. Using 6 rounds of phone surveys from 558 households in western Uganda, we find that household income recovery from the lockdown differs by whether households had a business pre-pandemic. After an initial sharp fall, the incomes of those without a business have recovered to pre-pandemic levels. However, the relatively better-off households with a business before the pandemic still have one-third lower income, due to sustained closure of businesses even after the end of the first lockdown restrictions. Additionally, business-owning households have 30% lower wealth one-year into the pandemic, driven by 44% lower assets, 45% drop in savings, and a 15 fold increase in net-borrowing, suggesting long-term damage. Our findings point to the need to support households who face dwindling finances to fall back on. |
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Language | English |
Publishing date | 2022-09-08 |
Publishing country | United States |
Document type | Journal Article |
ZDB-ID | 2099806-5 |
ISSN | 1573-7152 ; 1569-5239 |
ISSN (online) | 1573-7152 |
ISSN | 1569-5239 |
DOI | 10.1007/s11150-022-09625-7 |
Database | MEDical Literature Analysis and Retrieval System OnLINE |
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