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Economics

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Ateneo de Manila University

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2020

Income elasticity of consumption

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Economic Vulnerabilities Of Fishing-Dependent Households Around Laguna Lake, Philippines, Rosalina Palanca-Tan Oct 2020

Economic Vulnerabilities Of Fishing-Dependent Households Around Laguna Lake, Philippines, Rosalina Palanca-Tan

Economics Department Faculty Publications

The study characterizes the mainly subsistence fishing communities surrounding Laguna Lake and provides empirical evidence of the economic deprivation that they are experiencing using survey data. Following a multi-dimensional approach, the paper focuses on consumption expenditures as the prime indicator of economic well-being – together with assets ownership, financial behavior, and social engagements. Regression analyses are conducted to identify the factors underlying consumption and to determine how different forms of household capital (physical, financial, and social) and fishing activities affect the capacity to generate income or livelihood. The study finds that: 1) food consumption (mainly rice) accounts for half of …