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Deprecated: Implicit conversion from float 251.2 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534 Econ+Disaster+Clim+Chang 2021 ; 5 (1): 97-110 Nephropedia Template TP
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Projection of the Effects of the COVID-19 Pandemic on the Welfare of Remittance-Dependent Households in the Philippines #MMPMID32995703
Murakami E; Shimizutani S; Yamada E
Econ Disaster Clim Chang 2021[]; 5 (1): 97-110 PMID32995703show ga
The Coronavirus Disease 2019 (COVID-19) is inevitably affecting remittance-dependent countries through economic downturns in the destination countries, and restrictions on travel and sending remittances to their home country. We explore the potential impacts of the COVID-19 pandemic on the welfare of remittance-dependent households using a dataset collected in the Philippines prior to the outbreak. First, we confirm that remittances are associated with welfare of households, particularly for those whose head is male or lower educated. Then, we use the revision of the 2020 GDP projections before and after the COVID-19 crisis to gauge potential impacts on households caused by the pandemic. We find that remittance inflow will decrease by 14-20% and household spending per capita will decline by 1-2% (food expenditure per capita by 2-3%) in one year as a result of the pandemic.