Do microfinance programs help families insure consumption against illness?
- 15 July 2008
- journal article
- research article
- Published by Wiley in Health Economics
- Vol. 18 (3) , 257-273
- https://doi.org/10.1002/hec.1372
Abstract
Families in developing countries face enormous financial risks from major illness both in terms of the cost of medical care and the loss in income associated with reduced labor supply and productivity. We test whether access to microfinancial savings and lending institutions helps Indonesian families smooth consumption after declines in adult health. In general, results support the importance of these institutions in helping families to self-insure consumption against health shocks. Copyright © 2008 John Wiley & Sons, Ltd.Keywords
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