The impact of the COVID-19 pandemic on the poor: Insights from the Hrishipara diaries
基于Hrishipara金融日记项目12个月的每日数据，结合定性与定量方法，研究新冠疫情对贫困人口生计的负面影响，发现收入与支出大幅下降，传统应对机制失效，家庭通过动用现金储备和削减非食品支出来维持食品消费。
real-time basis for 12 months, from 1 October 2019 to 30 September 2020. These households for the past five years have volunteered as respondents in a 'financial diaries' study known as the 'Hrishipara Daily Diaries Project'. We use a mixed methods approach, combining qualitative case studies of five diarists with a quantitative analysis of the daily data extracted from the diaries. We document the behavioral responses to COVID-19 by individual diarists, which shows the varied experiences of the poor during the pandemic. Further, we find that the pandemic had significant negative effects on the livelihoods of the poor in our study, with financial inflows and outflows, incomes and household expenditures much below pre-pandemic levels in the pandemic period. Government lockdowns in April and May 2020 led to a sharp decline in incomes and household expenditures. While incomes and expenditures recovered in the post-lockdown period, they remained below pre-pandemic levels. Financial transactions such as borrowing, saving withdrawals and exchange of monetary gifts came to a standstill in the lockdown period, making it difficult for households to use conventional coping mechanisms in the face of a large unanticipated decline in incomes. Exploring the coping mechanisms that households used to adjust to the declines in incomes and their lack of access to formal and informal sources of finance, we find that households drew down on their cash reserves at home as well as cutting down on non-food expenditures to protect their spending on food.