One of the most sizable and least predictable shocks to economic opportunities in developing coun... more One of the most sizable and least predictable shocks to economic opportunities in developing countries is major illness. We investigate the extent to which families are able to insure consumption against major illness using a unique panel data set from Indonesia that combines excellent measures of health status with consumption information. We � nd that there are signi�cant economic costs associated with major illness, and that there is very imperfect insurance of consumption over illness episodes. These estimates suggest that public disability insurance or subsidies for medical care may improve welfare by providing consumption insurance. (JEL O0, H1) One of the most sizable and least predictable shocks to the economic opportunities of families is major illness. There are two important economic costs associated with illness: the cost of the medical care used to diagnose and treat the illness, and the loss in income associated with reduced labor supply and productivity. The size and ...
eligibility includes an income per capita threshold and passing transparent third-party indicator... more eligibility includes an income per capita threshold and passing transparent third-party indicators measuring economic freedom, investing in people and ruling justly. Partner countries are competitively selected by MCC’s Board of Directors. An economic analysis of constraints to growth is developed by partner countries. MCC’s investments are focused on the most binding constraint(s) to growth. Partner countries develop projects that address their most binding constraints to growth. Economic rates of return and gender, social, and environmental aspects are evaluated prior to approval. Projects agreed upon by MCC and its partner countries together form the compact, a 5-year bilateral grant agreement. MCC compact projects are independently evaluated. Evaluations are made public on MCC’s evaluation catalog .
The Millennium Challenge Corporation (MCC), an independent U.S. Government foreign aid agency, us... more The Millennium Challenge Corporation (MCC), an independent U.S. Government foreign aid agency, uses a data-based approach to select country partners, and design, monitor, and evaluate programs. With a commitment to transparency built into the MCC model as a means for accountability and learning, the agency has grappled with the ethical, legal, and practical issues related to public release of its evaluation microdata. In 2013, MCC identified key objectives for public release of its evaluation microdata: facilitating verification of evaluation results, maximizing data usability, and minimizing risk to survey respondents. The agency implemented a series of actions, including establishing a microdata dissemination mechanism; data protection principles; an internal Disclosure Review Board; procedures for restricted-access to low-risk data; and allocating staffing and resources to implement the data protection principles. The paper discusses MCC’s experience and concludes with a set of l...
The Millennium Challenge Corporation (MCC), an independent U.S. Government foreign aid agency, us... more The Millennium Challenge Corporation (MCC), an independent U.S. Government foreign aid agency, uses a data-based approach to select country partners, and design, monitor, and evaluate programs. With a commitment to transparency built into the MCC model as a means for accountability and learning, the agency has grappled with the ethical, legal, and practical issues related to public release of its evaluation microdata. In 2013, MCC identified key objectives for public release of its evaluation microdata: facilitating verification of evaluation results, maximizing data usability, and minimizing risk to survey respondents. The agency implemented a series of actions, including establishing a microdata dissemination mechanism; data protection principles; an internal Disclosure Review Board; procedures for restricted-access to low-risk data; and allocating staffing and resources to implement the data protection principles. The paper discusses MCC’s experience and concludes with a set of l...
One of the most sizable and least predictable shocks to economic opportunities in developing coun... more One of the most sizable and least predictable shocks to economic opportunities in developing countries is major illness. We investigate the extent to which families are able to insure consumption against major illness using a unique panel data set from Indonesia that combines excellent measures of health status with consumption information. We � nd that there are signi�cant economic costs associated with major illness, and that there is very imperfect insurance of consumption over illness episodes. These estimates suggest that public disability insurance or subsidies for medical care may improve welfare by providing consumption insurance. (JEL O0, H1) One of the most sizable and least predictable shocks to the economic opportunities of families is major illness. There are two important economic costs associated with illness: the cost of the medical care used to diagnose and treat the illness, and the loss in income associated with reduced labor supply and productivity. The size and ...
eligibility includes an income per capita threshold and passing transparent third-party indicator... more eligibility includes an income per capita threshold and passing transparent third-party indicators measuring economic freedom, investing in people and ruling justly. Partner countries are competitively selected by MCC’s Board of Directors. An economic analysis of constraints to growth is developed by partner countries. MCC’s investments are focused on the most binding constraint(s) to growth. Partner countries develop projects that address their most binding constraints to growth. Economic rates of return and gender, social, and environmental aspects are evaluated prior to approval. Projects agreed upon by MCC and its partner countries together form the compact, a 5-year bilateral grant agreement. MCC compact projects are independently evaluated. Evaluations are made public on MCC’s evaluation catalog .
The Millennium Challenge Corporation (MCC), an independent U.S. Government foreign aid agency, us... more The Millennium Challenge Corporation (MCC), an independent U.S. Government foreign aid agency, uses a data-based approach to select country partners, and design, monitor, and evaluate programs. With a commitment to transparency built into the MCC model as a means for accountability and learning, the agency has grappled with the ethical, legal, and practical issues related to public release of its evaluation microdata. In 2013, MCC identified key objectives for public release of its evaluation microdata: facilitating verification of evaluation results, maximizing data usability, and minimizing risk to survey respondents. The agency implemented a series of actions, including establishing a microdata dissemination mechanism; data protection principles; an internal Disclosure Review Board; procedures for restricted-access to low-risk data; and allocating staffing and resources to implement the data protection principles. The paper discusses MCC’s experience and concludes with a set of l...
The Millennium Challenge Corporation (MCC), an independent U.S. Government foreign aid agency, us... more The Millennium Challenge Corporation (MCC), an independent U.S. Government foreign aid agency, uses a data-based approach to select country partners, and design, monitor, and evaluate programs. With a commitment to transparency built into the MCC model as a means for accountability and learning, the agency has grappled with the ethical, legal, and practical issues related to public release of its evaluation microdata. In 2013, MCC identified key objectives for public release of its evaluation microdata: facilitating verification of evaluation results, maximizing data usability, and minimizing risk to survey respondents. The agency implemented a series of actions, including establishing a microdata dissemination mechanism; data protection principles; an internal Disclosure Review Board; procedures for restricted-access to low-risk data; and allocating staffing and resources to implement the data protection principles. The paper discusses MCC’s experience and concludes with a set of l...
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