“…Studies from developed countries, the U.S. in particular, showed that recessions can be "good for your health" (Ruhm, 2000;Chay and Greenstone, 2003;Dehejia and Lleras Muney, 2004). In contrast, most studies from developing countries showed that child health is procyclical (Paxson and Schady, 2005 for Peru; Bhalotra, 2010 for India; Cruces et al, 2012 andBozzoli andQuintana-Domeque, 2014 for Argentina; Baird et al, 2011 for a large set of developing countries); an obvious exception is the study of Miller and Urdinola (2010) where they show that infant mortality increases with income in Colombia. The evidence from middle-income countries is mixed (Schady and Smitz, 2010).…”