Journal ArticleDOI
US government natural disaster assistance: historical analysis and a proposal for the future.
TLDR
The history of US federal natural disaster assistance to individuals is reviewed and a recommendation for a new government role in the provision of disaster insurance is made.Abstract:
Governments often provide grants or low-interest loans to disaster victims. Yet these programmes have proven to be quite costly. In addition, questions have been raised about associated behavioural incentives. Conceptually, government disaster insurance programmes should be more efficient, consistent and equitable than ex post facto disaster relief in the form of grants and loans. Yet the performance of government disaster insurance programmes has been mixed, at best. This article reviews the history of US federal natural disaster assistance to individuals and concludes with a recommendation for a new government role in the provision of disaster insurance.read more
Citations
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Journal ArticleDOI
Poverty Traps and Index Based Risk Transfer Products
TL;DR: In this article, the authors review relevant threads of the poverty traps literature to motivate a description of the opportunities presented by innovative index-based risk transfer products for low-income countries.
Journal ArticleDOI
Poverty Traps and Index-Based Risk Transfer Products
TL;DR: In this article, the authors review relevant threads of the poverty traps literature to motivate a description of the opportunities presented by innovative index-based risk transfer products for low-income countries.
Journal ArticleDOI
Natural Disasters in Latin America and the Caribbean: An Overview of Risk
TL;DR: In this article, the authors integrate information from both economics and the physical sciences to survey the effects of natural disasters in the region and find an appropriate mix of local, national and market-based solutions.
Journal ArticleDOI
Conceptual and Practical Considerations for Sharing Catastrophic/Systemic Risks
TL;DR: A conceptual base for understanding why markets for sharing catastrophic risks may be incomplete and/or inefficient is presented and an alternative is introduced where the government would write risk options for specific perils.
Journal ArticleDOI
Poverty traps and climate risk: limitations and opportunities of index-based risk financing
Christopher B. Barrett,Barry J. Barnett,S. Carter,Sommarat Chantarat,James Hansen,Andrew G. Mude,Daniel E. Osgood,Jerry R. Skees,Calum G. Turvey,M.N. Ward +9 more
TL;DR: In this paper, the authors summarize the current state of knowledge about and innovations in index-based risk transfer products (IBRTPs) as they relate to the management of climate risk for poverty reduction, especially of chronic or persistent poverty.
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