The costs of consumption smoothing: less schooling and less nutrition
2019 ◽
Vol 85
(3)
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pp. 181-208
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Old Age
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AbstractUsing novel microdata, we explore lifecycle consumption in Sub-Saharan Africa. We find that households' ability to smooth consumption over the lifecycle is large, particularly, in rural areas. Consumption in old age is sustained by shifting to self-farmed staple food, as opposed to traditional savings mechanisms or food gifts. This smoothing strategy indicates two important costs. The first cost is a loss of human capital as children seem to be diverted away from school and into producing self-farmed food. Second, a diet largely concentrated in staple food (e.g., maize in Malawi) in old age results in a loss of nutritional quality for households headed by the elderly.
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2018 ◽
Vol 33
(1)
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pp. 42-54
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2011 ◽
Vol 8
(1)
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pp. 32-38
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2012 ◽
Vol 6
(07)
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pp. 572-578
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2021 ◽
pp. 1-17
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