Coping with COVID-19 shocks in rural Nepal

Kierstin Ekstrom, Sarah Janzen, Nicholas Magnan

Research output: Contribution to journalArticlepeer-review


We examine shocks experienced by rural Nepali households during the COVID-19 pandemic. Households primarily experienced income and price shocks during a government-imposed lockdown. During this time, households managed to effectively protect consumption, and mostly relied on credit (26%), asset sales (10%) and savings (8%). Debt levels nearly doubled, with limited changes to savings. We then leverage a long-term randomized control trial (RCT) to assess whether beneficiaries of a livestock livelihood program are more resilient. Program beneficiaries are 6 percentage points less likely to take out new loans.

Original languageEnglish (US)
JournalApplied Economic Perspectives and Policy
StateAccepted/In press - 2023


  • COVID-19
  • asset smoothing
  • consumption smoothing
  • coping
  • credit
  • savings
  • shocks

ASJC Scopus subject areas

  • Development
  • Economics and Econometrics


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