The Distribution of Income Shocks during Crises: An Application of Quantile Analysis to Mexico, 1992-95 |
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| Authors: | Maloney William F; Cunningham Wendy V; Bosch Mariano |
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| Institution: | William F. Maloney is lead economist, Office of the Chief Economist for Latin America and the Caribbean at the World Bank; his e-mail address is wmaloney{at}worldbank.org. Wendy V. Cunningham is senior economist, Human Development Sector, Latin American and Caribbean Region at the World Bank; her e-mail address is wcunningham{at}worldbank.org. Mariano Bosch Mossi is a junior professional in the Office of the Chief Economist for Latin America and the Caribbean at the World Bank; his e-mail address is mboschmossi{at}worldbank.org. |
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| Abstract: | Moving beyond the simple comparisons of averages typical ofmost analyses of household income shocks, this article employsquantile analysis to generate a complete distribution of suchshocks by type of household during the 1995 crisis in Mexico.It compares the distributions across normal and crisis periodsto see whether observed differences were due to the crisis orare intrinsic to the household types. Alternatively, it askswhether the distribution of shocks during normal periods wasa reasonable predictor of vulnerability to income shocks duringcrises. It finds large differences in the distribution of shocksby household types both before and during the crisis but littlechange in their relative positions during the crisis. The impactappears to have been spread fairly evenly. Households headedby people with less education (poor), single mothers, or peopleworking in the informal sector do not appear to experience disproportionateincome drops either in normal times or during crises. |
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