Risk-coping strategies: Historical household surveys


Consumption smoothing is one of the most important means of dealing with unforeseen shocks at the household level, especially in industrializing countries. In developing economies, a collapse of smoothing impedes human capital accumulation and the demographic structure itself.

Using historical household budget surveys, our project tested the full risk-sharing hypotheses and studied whether microfinance and saving institutions helped mitigate risk-based vulnerabilities. We further estimated the calorie intake levels, and investigated the relationship between nutritional intakes and the risk of diseases among the working-class households. Using a unique individual-level dataset of the working-class households, we also investigated the intra-household resource allocation-the relationship between parental illness and child’s schooling.


  1. Kota Ogasawara.
    Consumption smoothing in the working-class households of interwar Japan
  2. Kota Ogasawara, Ian Gazaley, Eric Schneider.
    Nutrition, crowding and disease among low-income households in Tokyo in 1930.
    Australian Economic History Review, forthcoming.
  3. Kota Ogasawara.
    Health and education during industrialization: Evidence from early twentieth century Japan.
    International Journal of Educational Development 61, 2018, 40-54.

Funding acknowledgement