Manoj Mohanan
Causal Effects of Health Shocks on Consumption and Debt: Quasi-Experimental Evidence from Bus Accident Injuries
endogeneity health wealth presents challenge estimating causal effects health shocks using quasiexperimental design comprising exogenous shocks sustained bus accident injuries india controls drawn travelers bus routes one year later present new evidence causal effects consumption debt using primary household survey data find households faced shockrelated expenditures able smooth consumption food housing festivals small reductions educational spending debt principal mitigating mechanism households used leading significantly larger levels indebtedness