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There is a strong link between weather and the welfare of poor populations. Low-frequency, short-term, but catastrophic weather shocks can trigger destructive coping responses to disaster—for example, withdrawal of children from school, distress sale of assets, refugee migration, crime, and sever...


Chantarat, S.Barrett, Christopher B.Mude, Andrew G.Turvey, C.G.[Using weather index insurance to improve drought response for famine prevention]Using weather index insurance to improve drought response for famine prevention

This paper introduces a simple method of price risk decomposition that determines the extent to which producer price risk is attributable to volatile inter-market margins, intra-day variation, intra-week (day of week) variation, or terminal market price variability. We apply the method to livesto...


Barrett, Christopher B.Luseno, W.K.[Decomposing producer price risk: a policy analysis tool with an application to northern Kenyan livestock markets]Decomposing producer price risk: a policy analysis tool with an application to northern Kenyan livestock markets

The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such int...


Lybbert, T.J.Galarza, F.B.McPeak, J.G.Barrett, Christopher B.Boucher, S.Carter, M.R.Chantarat, P.Fadlaoui, A.Mude, Andrew G.[Dynamic field experiments in development economics: Risk valuation in Morocco, Kenya and Peru]Dynamic field experiments in development economics: Risk valuation in Morocco, Kenya and Peru
Barrett, Christopher B.Mude, Andrew G.Omiti, J.M.[Decentralization and the social economics of development: an overview of concepts and evidence from Kenya]Decentralization and the social economics of development: an overview of concepts and evidence from Kenya

This study investigates variation over time, space and household and individual characteristics in how people perceive different risks. Using original data from the arid and semi-arid lands of East Africa, we explore how individuals assess their relative level of concern about risks. The primary ...


Doss, C.McPeak, J.G.Barrett, Christopher B.[Interpersonal, intertemporal and spatial variation in risk perceptions: evidence from East Africa]Interpersonal, intertemporal and spatial variation in risk perceptions: evidence from East Africa

A growing literature suggests that in low-income countries, households with few assets can be trapped in chronic poverty. This article reviews relevant threads of the poverty traps literature to motivate a description of the opportunities presented by innovative index-based risk transfer products...


Barnett, B.J.Barrett, Christopher B.Skees, J.R.[Poverty traps and Index-Based risk transfer products]Poverty traps and Index-Based risk transfer products

Mude, Andrew G.Chantarat, S.Barrett, Christopher B.Carter, M.R.Ikegami, MunenobuMcPeak, J.G.[Insuring against drought-related livestock mortality: Piloting index based livestock insurance in northern Kenya]Insuring against drought-related livestock mortality: Piloting index based livestock insurance in northern Kenya

This paper illustrates how weather derivatives indexed to forecasts of famine can be designed and used by operational agencies and donors to facilitate timely and reliable financing, for effective emergency response to climate-based, slow-onset disasters such as drought. We provide a general fram...


Chantarat, S.Turvey, C.G.Mude, Andrew G.Barrett, Christopher B.[Improving humanitarian response to slow-onset disasters using famine indexed weather derivatives]Improving humanitarian response to slow-onset disasters using famine indexed weather derivatives

This paper describes a novel effort at developing index-based insurance for locationaveraged livestock mortality as a means to fill an important void in the risk management instruments available to protect the main asset of pastoralists in the arid and semi-arid lands of Kenya, where insurance ma...


Chantarat, S.Mude, Andrew G.Barrett, Christopher B.Carter, M.R.[Designing index based livestock insurance for managing asset risk in northern Kenya]Designing index based livestock insurance for managing asset risk in northern Kenya

This paper evaluates the effectiveness of a new index-based livestock insurance (IBLI) product designed to compensate for area average predicted livestock mortality loss in northern Kenya, where previous work has established the presence of poverty traps. We simulate household-specific wealth dyn...


Chantarat, S.Mude, Andrew G.Barrett, Christopher B.Turvey, C.G.[The performance of index based livestock insurance: ex ante assessment in the presence of a poverty trap]The performance of index based livestock insurance: ex ante assessment in the presence of a poverty trap

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