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    Income Volatility and Social Protection in Developing Asia

    Sipahimalani-Rao, Vandana | November 2006
    Abstract
    Most developing countries in Asia have introduced market-oriented economic reforms and face increasing exposure to global markets. Households in these countries thus have greater opportunities to raise their standard of living. However, they also face riskier environments and typically have to cope with greater income volatility. This paper undertakes a critical review of the social protection literature to understand the impact of vulnerability to income risk in developing Asian economies, and the role of social protection in managing that risk. The paper highlights the fact that social protection mechanisms are important in helping vulnerable households mitigate as well as reduce risk, to enable them to invest in high-risk but high-return activities. Thus public policy plays an important role in both protecting and empowering vulnerable individuals. Key policy implications are suggested based on the critical review.
    Citation
    Sipahimalani-Rao, Vandana. 2006. Income Volatility and Social Protection in Developing Asia. © Asian Development Bank. http://hdl.handle.net/11540/1886. License: CC BY 3.0 IGO.
    ISSN
    1655-5252
    Keywords
    Poverty Analysis
    Participatory Poverty Assessment
    Poverty Reduction Strategy
    Extreme Poverty
    Economic development
    Growth And Poverty
    Income Distribution
    Demographic Indicators
    Social Justice
    Price stabilization
    Food prices
    Price policy
    Social change
    Social accounting
    Inequality of income
    Economic growth
    Qualilty of Life
    Open price system
    Price fixing
    Price regulation
    Consumer price indexes
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    Citable URI
    http://hdl.handle.net/11540/1886
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    Author
    Sipahimalani-Rao, Vandana
    Theme
    Poverty
    Economics
    Labor Migration
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise