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Do shocks affect poverty persistance? Evidence using welfare trajectories from Nicaragua
Shocks are often primarily associated with downward mobility or short-term movements in and out of poverty. However, households at the bottom of the welfare distribution are likely to face the most constraints to access insurance mechanisms. In this paper, we consider whether shocks directly affect poverty persistence. In order to analyze the impact of shocks on households’ welfare path over time...
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Effect of natural disasters on poverty transitions and consumption growth. Evidence for rural Peru
Natural hazards, an increasingly important phenomenon, have a direct impact at regional and household level. The growing incidence and persistence of natural events are strongly linked to increasing vulnerability of households and communities in developing countries. Previous socioeconomic vulnerabilities may exacerbate the impact of a specific event, making more difficult the process of...
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Hurricane Mitch and consumption growth of nicaraguan agricultural households
There is little micro-evidence on the persistence of natural disasters' welfare impacts. This paper assesses the effect of Hurricane Mitch on consumption of Nicaraguan agricultura) households. Mitch occurred in October 1998. Pre-post data is obtained from a nationally representative panel collected in 1998 and 2001. An additional survey was fielded in 1999 for households from the panel affected...
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Book review. Violence and social orders: a conceptual framework for interpreting recorded human history, by Douglas C. North, John Joseph Wallis, and Barry R. Weingast
Why societies differ in their level of violence? This is the question addressed by North, Wallis, and Weingast. To provide an answer they must develop a rich theory of how individuals and organizations that compose a human group voluntarily surrender their will to act violently in exchange for participating in a society with improved conditions for the creation and conservation of wealth.
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