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Medientyp:
E-Artikel
Titel:
Cohort risk sharing in Pakistan: Relative wage and consumption movements over time
Beteiligte:
Raza, Syed Hassan
Erschienen:
Abdul Wali Khan University Mardan, Pakistan, 2020
Erschienen in:Journal of Applied Economics and Business Studies
Sprache:
Nicht zu entscheiden
DOI:
10.34260/jaebs.414
ISSN:
2663-693X;
2523-2614
Entstehung:
Anmerkungen:
Beschreibung:
<jats:p>This study analyzes to which extent the distribution of consumption is affected by the relative wage movement among birth cohorts and education groups. Our empirical design is based on a synthetic panel constructed using repeated cross-sectional data from “Household Integrated Economic Survey of Pakistan.” We limit our analysis to persons aged between 26 to 50 years at the time of survey. To see the evolution of change in income and consumption we measured growth by taking 6, 8- and 10-years’ difference respectively. The findings ascertained there is limited risk-sharing across cohort-education groups in Pakistan, but the measured extent of risk-sharing increases over longer horizons. Furthermore, we observe relatively higher consumption smoothing among the less educated people over the period of ten years. In the university education group, results reveal less consumption smoothing in the shorter, six- and eight-year time periods. The study concludes that the relative risk-sharing over a decade is better in Pakistan than the shorter growth horizon.</jats:p>