The impact of natural and manmade disasters on household welfare

Agricultural Economics

Volumn 37, Issue S1, 2007, Pages 59-73

  Sawada, Yasuyuki ^a  

^a UNIVERSITY OF TOKYO   (Japan)

Author keywords

Insurance; Manmade disaster; Natural disaster; Risk coping; Risk management; Risk sharing

Indexed keywords

ENVIRONMENTAL IMPACT; HAZARD MANAGEMENT; INSURANCE SYSTEM; NATURAL DISASTER; RISK ASSESSMENT; WELFARE IMPACT;

EID: 37349057934     PISSN: 01695150     EISSN: 15740862     Source Type: Journal    
DOI: 10.1111/j.1574-0862.2007.00235.x     Document Type: Conference Paper

References (68)

1. Akerof, G. The Economics of "Tagging" as Applied to the Optimal Income Tax, Welfare Programs, and Manpower Planning American Economic Review 68 (1975 9 19.
2. Alderman, H., and C. H. Paxson Do the Poor Insure? A Synthesis of the Literature on Risk and Consumption in Developing Countries Policy Research Working Paper 1008 (World Bank: Washington, DC, 1992).
3. Bardhan, P. Decentralization of Governance and Development Journal of Economic Perspectives 16 (2002 185 205.
4. Besley, T. Savings, Credit and Insurance in J. Behrman and T. N. Srinivasan, eds., Handbook of Development Economics, IIIA (1995 2125 2207.
5. Centre for Research on the Epidemiology of Disasters, Disasters in Numbers (CRED: Brussels, Belgium, 2006).
6. Coate, S., and M. Ravallion Reciprocity without Commitment: Characterization and Performance of Informal Insurance Arrangements Journal of Development Economics 40 (1993 1 24.
7. Cochrane, J. H. A Simple Test of Consumption Insurance Journal of Political Economy 99 (1991 957 976.
8. Conning, J., and M. Kevane Community-Based Targeting Mechanisms for Social Safety Nets: A Critical Review World Development 30 (2002 375 394.
9. Deaton, A., The Analysis of Household Surveys: A Microeconometric Approach to Development Policy (Oxford University Press: Oxford, 1997).
10. Dercon, S., ed., Insurance against Poverty (Oxford University Press: Oxford, 2005).
11. Enz, R. The S-Curve Relation between Per-Capita Income and Insurance Penetration Geneva Papers on Risk and Insurance 25 (2000 396 406.
12. Eswaran, M., and A. Kotwal Credit as Insurance in Agrarian Economies Journal of Development Economics 31 (1989 37 53.
13. Fafchamps, M., Rural Poverty, Risk and Development (Edward Elgar: Cheltenham, UK, 2003).
14. Fafchamps, M., C. Udry, and K. Czukas Drought and Saving in West Africa: Are Livestock a Buffer Stock? Journal of Development Economics 55 (1998 273 305.
15. Flavin, M. Robust Estimation of the Joint Consumption/Asset Demand Decision NBER Working Paper 7011 (1999).
16. Frankenberg, E., D. Thomas, and K. Beegle, The Real Costs of Indonesia's Crisis: Preliminary Findings from the Indonesian Family Life Surveys, mimeo (Rand Corporation, 1999).
17. Frankenberg, E., J. P. Smith, and D. Thomas Economic Shocks, Wealth, and Welfare Journal of Human Resources 38 (2003 280 321.
18. Freeman, P. K., M. Keen, and M. Mani Dealing with Increased Risk of Natural Disasters: Challenges and Options IMF Working Paper WP/03/197 (2003).
19. Galabova, T., and R. Lester Is Insurance Luxury? The Actuary, December (2001 32 34.
20. Glewwe, P., and G. Hall Are Some Groups More Vulnerable to Macroeconomic Shocks than Others? Hypothesis Tests Based on Panel Data from Peru Journal of Development Economics 56 (1998 181 206.
21. Goh, C., S. J. Kang, and Y. Sawada How Did Korean Households Cope with Negative Shocks from the Financial Crisis? Journal of Asian Economics 16 (2005 239 254.
22. Hayashi, F., J. Altonji, and L. Kotlikoff Risk-Sharing Between and Within Families Econometrica 64 (1996 261 294.
23. Hazell, P. Potential Role for Insurance in Managing Catastrophic Risk in Developing Countries Proceedings of the World Bank Conference on Financing the Risks of Natural Disasters, June 2-3 2003).
24. Horwich, G. Economic Lessons from Kobe Earthquake Economic Development and Cultural Change 48 (2000 521 542.
25. Ichimura, H., Y. Sawada, and S. Shimizutani Risk-Sharing against an Earthquake: The Case of Yamakoshi Village a paper presented at the Japan Statistical Society 75th Anniversary Symposium, "Recent Advances in Applied Econometrics," on September 24, 2006 at University of Tokyo.
26. Kaminsky, G. L., and C. M. Reinhart The Twin Crisis: The Causes of Banking and Balance-of-Payments Problems American Economic Review 89 (1999 473 500.
27. Kang, S. J., and Y. Sawada Are Private Transfers Altruistically Motivated? The Case of the Republic of Korea before and during the Financial Crisis Developing Economies 41 (2003 484 501.
28. Kang, S. J., and Y. Sawada Credit Crunch and Household Welfare: The Korean Financial Crisis Japanese Economic Review, forthcoming (2007a).
29. Kang, S. J., and Y. Sawada Did Public Transfers Crowd Out Private Transfers in Korea during the Financial Crisis Journal of Development Studies, forthcoming 2007b).
30. Kochar, A. Ill-Health, Savings and Portfolio Choices in Developing Economies Journal of Development Economics 73 (2003 257 285.
31. Kocherlakota, N. R. Implications of Efficient Risk Sharing Without Commitment Review of Economic Studies 63 (1996 595 609.
32. Kurosaki, T. R., Household Behavior in Pakistan's Agriculture, Occasional Papers Series (Institute of Developing Economies, JETRO: Tokyo, 1998).
33. Kurosaki, T., and Y. Sawada Consumption Insurance in Village Economies-Evidence from Pakistan and Other Developing Countries (in Japanese with English summary) Economic Review 50 (1999 155 68.
34. Lee, J.-J., and Y. Sawada Precautionary Saving: A Re-examination Economics Letters 96 (2007 196 201.
35. Lewis, K. What Can Explain the Apparent Lack of International Consumption Risk-Sharing? Journal of Political Economy 104 (1996 267 297.
36. Lilleor, H. B., X. Gene, R. M. Townsend, and J. Vickery Weather Insurance in Semi-Arid India mimeo (2005).
37. Ljungqvist, L., and T. J. Sargent, Recursive Macroeconomic Theory (MIT Press: Cambridge, MA, 2000).
38. Lucas, R. E. B., and O. Stark Motivations to Remit: Evidence from Botswana Journal of Political Economy 97 (1985 905 926.
39. Mace, B. J. Full Insurance in the Presence of Aggregate Uncertainty Journal of Political Economy 99 (1991 928 996.
40. McKenzie, D. How Do Households Cope with Aggregate Shocks? Evidence from the Mexican Peso Crisis World Development 31 (2003 1179 1199.
41. McKenzie, D. Aggregate Shocks and Urban Labor Market Responses: Evidence from Argentina's Financial Crisis Economic Development and Cultural Change 52 (2004 719 758.
42. Morduch, J. Risk, Production and Saving: Theory and Evidence from Indian Households mimeo (Harvard University Press: Cambridge, MA, 1990).
43. Morduch, J. Income Smoothing and Consumption Smoothing Journal of Economic Perspectives 9 (1995 103 114.
44. Morduch, J. Micro-Insurance: The Next Revolution? forthcoming in A. Banerjee, R. Benabou, and D. Mookherjee, eds., What Have We Learned About Poverty Oxford University Press: Oxford, 2004).
45. Nakata, H., and Y. Sawada Demand for Non-Life Insurance: A Cross-Country Analysis CIRJE Discussion Paper F-461 (University of Tokyo: Tokyo, 2007).
46. Obstfeld, M., and K. Rogoff The Six Major Puzzles in International Finance: Is There a Common Cause? NBER Macroeconomics Annual (2000 339 390.
47. Outreville, J. F. The Economic Significance of Insurance Markets in Developing Countries Journal of Risk and Insurance 62 (1990 487 498.
48. Park, A. Risk and Household Grain Management in Developing Countries Economic Journal 116 (2006 1088 1115.
49. Pender, J. L. Discount Rates and Credit Markets: Theory and Evidence from Rural India Journal of Development Economics 50 (1996 257 296.
50. Rosenzweig, M. R., and O. Stark Consumption Smoothing, Migration, and Marriage: Evidence from Rural India Journal of Political Economy 97 (1989 905 926.
51. Rosenzweig, M. R., and K. I. Wolpin Credit Constraints, Consumption Smoothing, and the Accumulation of Durable Production Assets in Low-Income Countries: Investments in Bullocks in India Journal of Political Economy 101 (1993 223 244.
52. Saito, M. Dynamic Allocation and Pricing in Incomplete Markets: A Survey Monetary and Economic Studies 17 (1999 45 75.
53. Sawada, Y. Insurance against Tsunami: Evidence Based on the Joint University of Tokyo and Tamil Nadu Agricultural University Survey in progress (2007).
54. Sawada, Y., and S. Shimizutani Are People Insured against Natural Disasters? Evidence from the Great Hashin-Awaji (Kobe) Earthquake CIRJE Discussion Paper F-314 (Faculty of Economics, University of Tokyo: Tokyo, 2005).
55. Sawada, Y., and S. Shimizutani Consumption Insurance against Natural Disasters: Evidence from the Great Hanshin-Awaji (Kobe) Earthquake Applied Economics Letters 14 (2007a 303 306.
56. Sawada, Y., and S. Shimizutani How Do People Cope with Natural Disasters? Evidence from the Great Hanshin-Awaji (Kobe) Earthquake in 1995 Journal of Money, Credit and Banking, forthcoming (2007b).
57. Shoji, M. Limitation of Quasi-Credit as Mutual Insurance: Coping Strategies for Covariate Shocks in Bangladesh COE Discussion Paper F-138 (Faculty of Economics, University of Tokyo: Tokyo, 2006 available at http://www.e.u-tokyo.ac.jp/cemano/research/DP/documents/coe-f-138.pdf.
58. Skees, V., D. Larson, and P. Siegel Can Financial Markets be Tapped to Help Poor People Cope with Weather Risks? in S. Dercon ed., Insurance against Poverty (Oxford University Press: Oxford, 2005 pp. 422 436.
59. Strauss, J., K. Beegle, A. Dwiyanto, Y. Herawati, D. Pattinasarany, E. Satriawan, B. Sikoki Sukamdi, and F. Witoelar Indonesian Living Standards Before and After the Financial Crisis: Evidence from the Indonesia Family Life Survey Rand Corporation and ISEAS (2004).
60. Townsend, R. M. Risk and Insurance in Village India Econometrica 62 (1994 539 591.
61. Townsend, R. M. Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies Journal of Economic Perspectives 9 (1995 83 102.
62. Townsend, R. M. Removing Financial Bottlenecks to Labor Productivity in Thailand in W. C. Hunter, G. G. Kaufman, and T. H. Krueger, eds., The Asian Financial Crisis: Origins, Implications, Solutions (Kluwer Academic Publishers, Norwell, MA 1999).
63. Udry, C. Risk and Insurance in a Rural Credit Market: An Empirical Investigation in Northern Nigeria Review of Economic Studies 61 (1994 495 526.
64. Walker, T. S., and N. S. Jodha How Small Farm Households Adapt to Risk in P. Hazell, C. Pomareda, and V. Alberto, eds., Crop Insurance for Agricultural Development: Issues and Experience (Johns Hopkins University Press for the International Food Policy Research Institute: Baltimore, MD, 1986).
65. Walker, T. S., and J. D. Ryan, Village and Household Economies in India's Semi-Arid Tropics (Johns Hopkins University Press, Baltimore, MD, 1990).
66. World Bank, World Development Report 2000/2001, Attacking Poverty (World Bank: Washington, DC, 2001).
67. Yang, D. Coping with Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2002 mimeo (University of Michigan: Ann Arbor, MI, 2006).
68. Zeldes, S. P. Consumption and Liquidity Constraints: An Empirical Investigation Journal of Political Economy 97 (1989 305 346.