At the beginning of the crisis, households adapt mostly by increasing their labour supply and consuming past savings. Past economic crises have been shown to be detrimental to children in various dimensions of their well-being. As shown by the table below, past (local or regional) economic crises had strong impacts on household welfare. For example, past crises led to an increase in poverty ranging from 1 percentage point in Brazil (1989) to a dramatic 12.2 points in Venezuela (1994) (Lustig 2000).