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Estimating the National Impact Of the Financial Crisis in Indonesia by Combining a Rapid Qualitative Study with Nationally Representative Surveys
Bibliografi
Author:
McCulloch, Neil
;
Grover, Amit
;
Mulyana, MUkti
(Editor)
Topik:
Financial Crisis
;
Financial Crisis in Indonesia
;
Financial Impact
Bahasa:
(EN )
ISBN:
978-979-3872-84-1
Penerbit:
Lembaga Penelitian SMERU
Tempat Terbit:
Jakarta
Tahun Terbit:
2011
Jenis:
Papers/Makalah
Fulltext:
nationalimpactfincrisis_eng.pdf
(322.45KB;
0 download
)
Abstract
This paper draws on a rapid qualitative assesment of the impact of the financial crisis in Indonesia to generate hypotheses about the potential national impact. We test these hypotheses using nationallyrepresentative labor force surveys from before and after the onset of the financial crisis. We find that Indonesia weathered the storm Father well. there is no evidence for increased school dropouts; labor force participation Fell, particularly for young workers, whilst unemployment rose for the young, but fell for workers over 25. The changes for female workers were the same as those for male workers and the do not appear to have been any major sectoral shifts in labor. Surprisingly, we find that real wages for employees rose sgnificantly during the crisis period, although those the informal sector did not benefit to the same extent. Our results are similar to those from the earlier qualitative study, except that, becouse it focused on areas harder hit by the crisis, the qualitative study did not observe the significant gains made by employees over the crisis period
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