Household Consumption and Natural Disasters: The Case of Hurricane Mitch in Nicaragua
AbstractThis paper analyses coping strategies and consumption reactions of rural households in Nicaragua to hurricane Mitch, which caused massive losses in especially the agricultural sector in 1998. A switching-regression model confirms theoretical considerations which indicate that responses to transitory incomes depend on wealth. Asset-poor households do and asset-rich households do not adjust their consumption to transitory income changes.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 2008 International Congress, August 26-29, 2008, Ghent, Belgium with number 44380.
Date of creation: 2008
Date of revision:
Natural disasters; assets; consumption smoothing; Food Consumption/Nutrition/Food Safety; Resource /Energy Economics and Policy;
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