Reporting the results of a novel survey of shocks, coping, outcomes, and safety nets in Pakistan, we find high incidence and cost of shocks borne by households, with health and other idiosyncratic shocks dominating in frequency, costliness, and adversity. Sample households lack effective coping...

Reporting the results of a novel survey of shocks, coping, outcomes, and safety nets in Pakistan, we find high incidence and cost of shocks borne by households, with health and other idiosyncratic shocks dominating in frequency, costliness, and adversity. Sample households lack effective coping...

What did the global food, fuel, and financial crises of 2008-11 mean to people living in the developing world? How did people cope with the crisis and how effective were they at averting major impacts? These are the questions addressed by this book, which emerged out of qualitative crisis...

How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We address these questions using granular data on spending and stock portfolios from a large bank and exploiting lottery-like variation in gains across investors with similar...