Poverty and hurricane risk exposure in Jamaica

Nekeisha Spencer () and Eric Strobl ()
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Nekeisha Spencer: University of the West Indies

The Geneva Risk and Insurance Review, 2022, vol. 47, issue 1, No 8, 157 pages

Abstract: Abstract This paper investigates the impact of hurricane risk exposure on poverty. To achieve this, we use a small area poverty mapping methodology to simulate our measure of poverty for households in Jamaica. Along with calculated hurricane wind exposure estimates that take account of the type of building material which matters for wind vulnerability, we calculate future risks for household poverty under different RCP8.5 climate change models. In general, we find that without wind resistant building material, substantial increases in poverty are likely under most models. The results are indicative of policy instruments needed to counteract the future risk of increases in poverty.

Keywords: Poverty; Climate change; Risk (search for similar items in EconPapers)
JEL-codes: I31 Q54 Q58 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1057/s10713-021-00063-6

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