Towards a Model for Analyzing the Impact of Macroeconomic Adjustment Policies on Households: A Review of Empirical Household Models in the Philippines

Abstract

The paper has two objectives, namely: (a) determine and assess how existing empirical household models are able to capture the effects of changes in the macroeconomic variables on the welfare of the Filipino household, and (b) identify research gaps in the literature and suggest possible ways of modifying some of the models so as to be able to capture the effects of changes in macroeconomic variables on household welfare. [DISCUSSION PAPER SERIES NO. 94-05]. URL:[http://dirp4.pids.gov.ph/ris/dps/pidsdps9405.pdf].HOUSEHOLDS, MACROECONOMIC ADJUSTMENT POLICIES, PHILIPPINES, Filipino, illness incidence for health, educational attainment for education, nutrition status, New Household Economics (NHE), price, income