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Drivers of household income distribution dynamics in the Philippines
Martinez, Arturo Western, Mark Tomaszewski, Wojtek Haynes, Michele Manalo, Maria K. Sebastian, Iva
Martinez, Arturo
Western, Mark
Tomaszewski, Wojtek
Haynes, Michele
Manalo, Maria K.
Sebastian, Iva
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Abstract
Using counterfactual simulations, we investigate the various factors that could explain the changes observed in poverty and inequality in the Philippines over the past decade. To do this, we decomposed per capita household income as a stochastic function of various forms of socio-economic capital and the socio-economic returns to capital. The results indicate that the higher levels of ownership of assets and higher economic returns to formal and non-agricultural employment have contributed to lower poverty while human capital and access to basic services remain stagnant and thus, had no impact on poverty and inequality. In general, we find that the impact of changes in socio-economic capital and changes in economic returns to capital as offsetting forces that contribute to slow poverty and inequality reduction despite the rapid economic growth that the Philippines has experienced over the past ten years.
Keywords
Date
2016
Type
Journal article
Journal
Philippine Statistician
Book
Volume
65
Issue
1
Page Range
53-84
Article Number
ACU Department
Institute for Learning Sciences and Teacher Education (ILSTE)
Faculty of Education and Arts
Faculty of Education and Arts
Relation URI
DOI
Source URL
Event URL
Open Access Status
Open access
License
File Access
Open