Peru 2020-2021: Household Income, Consumption, and Savings during the Pandemic

dc.contributor.authorFrancke, Pedro
dc.contributor.authorBenites Garnique, Josué
dc.date.accessioned2024-07-01T20:16:05Z
dc.date.available2024-07-01T20:16:05Z
dc.date.created2024
dc.date.issued2024-06-20
dc.description.abstractPeru is among the countries hardest hit by the COVID-19 pandemic, experiencing significant losses in terms of lives and well-being. This study examines the income, expenditure, and savings patterns of Peruvian households amidst the pandemic, with a focus on rural/urban and formal/informal differences. Additionally, we analyze shifts in consumption, particularly regarding food and health expenditures. Utilizing data from the National Household Survey (ENAHO), we conducted a multi-period analysis at the quarterly level spanning 2019-2021, with the prepandemic quarter as the reference point. Our findings reveal substantial disparities between rural and urban areas, as well as within these segments based on the formal or informal employment status of household heads, regarding income, expenses, savings, and shifts in consumption patterns. While all segments experienced income reductions, rural households recovered swiftly but maintained reduced food consumption. Formal workers experienced less income loss and did not dissave, whereas urban informal workers were most affected in terms of income and food deprivation. Finally, we discuss how these findings can inform public policy discussions in Peru, particularly related to social protection.en_US
dc.description.abstractPeru is among the countries hardest hit by the COVID-19 pandemic, experiencing significant losses in terms of lives and well-being. This study examines the income, expenditure, and savings patterns of Peruvian households amidst the pandemic, with a focus on rural/urban and formal/informal differences. Additionally, we analyze shifts in consumption, particularly regarding food and health expenditures. Utilizing data from the National Household Survey (ENAHO), we conducted a multi-period analysis at the quarterly level spanning 2019-2021, with the prepandemic quarter as the reference point. Our findings reveal substantial disparities between rural and urban areas, as well as within these segments based on the formal or informal employment status of household heads, regarding income, expenses, savings, and shifts in consumption patterns. While all segments experienced income reductions, rural households recovered swiftly but maintained reduced food consumption. Formal workers experienced less income loss and did not dissave, whereas urban informal workers were most affected in terms of income and food deprivation. Finally, we discuss how these findings can inform public policy discussions in Peru, particularly related to social protection.es_ES
dc.formatapplication/pdf
dc.identifier.doihttps://doi.org/10.18800/economia.202401.002
dc.identifier.urihttps://revistas.pucp.edu.pe/index.php/economia/article/view/28989/26497
dc.language.isoeng
dc.publisherPontificia Universidad Católica del Perúes_ES
dc.publisher.countryPE
dc.relation.ispartofurn:issn:2304-4306
dc.relation.ispartofurn:issn:0254-4415
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.rights.urihttp://creativecommons.org/licenses/by/4.0*
dc.sourceEconomía; Volume 47 Issue 93 (2024)es_ES
dc.subjectCOVID-19en_US
dc.subjectHousehold behavioren_US
dc.subjectWelfareen_US
dc.subjectCOVID-19es_ES
dc.subjectHousehold behaviores_ES
dc.subjectWelfarees_ES
dc.subject.ocdehttps://purl.org/pe-repo/ocde/ford#5.02.01
dc.titlePeru 2020-2021: Household Income, Consumption, and Savings during the Pandemicen_US
dc.typeinfo:eu-repo/semantics/article
dc.type.otherArtículo

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