The Effects of a Calamity on Income and Wellbeing of Poor Microfinance Borrowers: The Case of the 2004 Tsunami Shock

Leonardo Becchetti and Stefano Castriota

Journal of Development Studies, 2010, vol. 46, issue 2, 211-233

Abstract: We investigate the effects of the 2004 Tsunami on a sample of microfinance borrowers. Our findings show that the severe loss of income of damaged borrowers only partially explains the dip in wellbeing. This is because the latter is also related to economic losses not measured by current income (that is, loss in wealth or in permanent income) and by psychological or emotional effects. Finally, we find that the role of risk on the Tsunami impact is partially captured by the interaction of the damage dummy with borrowers' productive activity.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00220380903002947 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jdevst:v:46:y:2010:i:2:p:211-233

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/FJDS20

DOI: 10.1080/00220380903002947

Access Statistics for this article

Journal of Development Studies is currently edited by Howard White, Oliver Morrissey and Ken Shadlen

More articles in Journal of Development Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().