Disasters, Household Decisions, and Insurance Mechanisms: A Review of Evidence and a Case Study from a Developing Country in Asia

作者：Sawada Yasuyuki

来源：Asian Economic Policy Review, 2017, 12(1): 18-40.

DOI：10.1111/aepr.12154

• consumption risk sharing
• insurance
• manmade disasters
• natural disasters
• poverty

This article investigates whether and how Asian people's exposure to a variety of disasters undermine their decisions and welfare. Our case study from Vietnam, based on household panel data, shows that households adopt a variety of coping strategies against the damages caused by disasters especially through credit and labor markets. While the consumption risk sharing networks function effectively at the commune level, market and non-market insurance mechanisms are not sufficient, especially at the regional, national, and international levels. Hence, it is imperative to strengthen market, government, and community based insurance mechanisms to diversify aggregate disaster risks at the individual, national, and regional levels in Asia.

• 出版日期2017-1