文章基本信息

标题：Are Some Groups More Vulnerable to Business Cycle Shocks than Others? A Regional Analysis of Pakistan’s Labor Market
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作者：Mehak Ejaz ; Kalim Hyder
期刊名称：The Lahore Journal of Economics
印刷版ISSN：1811-5438
电子版ISSN：1811-5446
出版年度：2017
卷号：22
期号：Special Edition
页码：199-231
出版社：Lahore School of Economics
摘要：This study identifies the extent to which various socioeconomic groups arevulnerable to aggregate business cycle fluctuations. Socioeconomic groups areclassified by gender, location, employment status, education, income and age cohort.The asymmetric behavior of aggregate economic growth indicates that some groupsgain less during recovery and boom phases and are thus most vulnerable torecessions. A vulnerability index in calculated for different socioeconomic groupsand the empirical results show that employers with a graduate degree in Balochistanare the most vulnerable group and that female workers are more vulnerable thanmale workers. Additionally, the study employs panel data on inflation andemployment to investigate the implications of macroeconomic fluctuations onvulnerable groups. The results indicate that food inflation has a strong negativeimpact on real earnings, while nonfood inflation increases real earnings. The paneldata and vulnerability index findings are consistent with each other. The study alsopresents policy implications for existing public social safety net programs andprospective private social innovation programs targeting vulnerable households.
关键词：Business cycle fluctuations; socioeconomic groups;vulnerability; GMM; Pakistan; real earnings; gender.