Income Risk, Coping Strategies and Safety Nets

Stefan Dercon

No DP2002-22, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: High income risk is part of life in developing countries. Climatic risks, economic fluctuations, but also a large number of individual-specific shocks make these households vulnerable to serious hardship. For example, details are given on the various shocks and events causing serious hardship to rural households in Ethiopia in the last twenty years. Not surprisingly for Ethiopia, climatic events are the most common cause of shocks, but many households suffer from other common or idiosyncratic shocks related to economic policy, labour or livestock.

Keywords: Income; Public welfare; Risk; Risk management (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (373)

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Related works:
Journal Article: Income Risk, Coping Strategies, and Safety Nets (2002)
Working Paper: Income risk, coping strategies and safety nets (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2002-22

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