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| Helgeson, Jennifer F; London School of Economics and Political Science, Department of Geography and Environment; The Grantham Research Institute on Climate Change and the Environment; j.helgeson@lse.ac.uk; Dietz, Simon; London School of Economics and Political Science, Department of Geography and Environment; The Grantham Research Institute on Climate Change and the Environment; s.dietz@lse.ac.uk; Hochrainer-Stigler, Stefan; IIASA - International Institute for Applied Systems Analysis; hochrain@iiasa.ac.at. |
| When a natural disaster hits, the affected households try to cope with its impacts. A variety of coping strategies, from reducing current consumption to disposing of productive assets, may be employed. The latter strategies are especially worrisome because they may reduce the capacity of the household to generate income in the future, possibly leading to chronic poverty. We used the results of a household survey in rural Uganda to ask, first, what coping strategies would tend to be employed in the event of a weather disaster, second, given that multiple strategies can be chosen, in what combinations would they tend to be employed, and, third, given that asset-liquidation strategies can be particularly harmful for the future income prospects of households,... |
| Tipo: Peer-Reviewed Insight |
Palavras-chave: Coping strategies; Covariate risk; Education; Extreme weather; Poverty trap; Small-scale farming; Uganda; Vulnerability. |
| Ano: 2013 |
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| Skees, Jerry R.. |
| This article focuses on innovation in weather insurance designed to fit the special circum-stances of the poor in lower income countries where rural and agricultural financial markets are largely underdeveloped. Index insurance is an innovation that circumvents many of the fundamental problems that hamper the development of insurance for weather risks in lower in-come countries. With index insurance, payments are made based upon an objective and inde-pendent index that serves as a proxy for significant losses to crops, livestock, or other prop-erty. For example, the index can be based upon extreme rainfall measures that create either drought or flooding. Weather stations or even satellite imagery coupled with computer models can be used to create reliable... |
| Tipo: Journal Article |
Palavras-chave: Index insurance; Financial innovation for the poor; Weather insurance; Correlated risk; Poverty trap; Ex ante risk managemen; Risk and Uncertainty. |
| Ano: 2008 |
URL: http://purl.umn.edu/44733 |
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