Vietnamese (VN)English (UK)

[STBI-31/3/2016] Household vulnerability as low expected utility and responses to risks in rural Vietnam

Thang Vo

Hall H.001, UEH School of Economics
11:00 am, Thursday, 31-03-2016

Abstract

This paper investigates sources of household vulnerability and responses to risks in rural Vietnam with data from Vietnam Access to Resources Household Surveys (VARHS). We first adopt the vulnerability as low utility measure (VEU) to estimate and distinguish the sources of vulnerability. Then we use a multivariate probit model to examine the household’s behavior when coping with shocks, and finally we evaluate the effectiveness of the insurance mechanism. The main findings are that, (i) the utility of the average household is 71% less than the hypothetical situation without any risk or inequality in consumption, and idiosyncratic shocks contribute 50% of the loss; (ii) households depend heavily on informal coping strategies such as food consumption reduction, savings withdrawal, taking children out of school or capital depletion. The opportunity to borrow money from formal institutions is limited, while subsidies from the government or NGOs are available only in cases of natural disaster; and (iii) household consumption and income exhibit highly correlated variation, implying that existing informal insurance instruments are less effective than expected.

Presenter

Thang Vo is the PhD in economics candidate at Arndt-Corden Department of Economics, Australian National University. His recent studies focus on the topic of vulnerability and household welfare in Vietnam. Thang Vo is also a lecturer at School of Economics, University of Economics Ho Chi Minh City (UEH), Vietnam.

 

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Điều kiện dự thi:

  • Thí sinh có bằng tốt nghiệp đại học thuộc khối ngành kinh tế hoặc bằng tốt nghiệp đại học ngoài khối ngành kinh tế kèm chứng chỉ bổ sung kiến thức.
  • Thí sinh dự thi 2 môn bằng tiếng Anh (Toán, Kinh tế học).

 

Yêu cầu tiếng Anh đầu vào:

  • Tương đương khung B2 Châu Âu (CEFR B2, TOEIC 600, IELTS 5.5, TOEFL 500 BPT, 173 CBT, 61 iBT)

 

Lớp ôn tập:

  • Lớp ôn cấp tốc (đợt cuối): Tối thứ 5 - Trưa thứ 7 - Khai giảng 20/07/2017

 

Lịch thi tuyển sinh: 10/09/2017

 

Lịch khai giảng dự kiến khóa 24: 28/10/2017

 

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