Publication:
Income Risk, Coping Strategies, and Safety Nets

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dc.contributor.authorDercon, Stefan
dc.date.accessioned2013-12-19T21:59:07Z
dc.date.available2013-12-19T21:59:07Z
dc.date.issued2002-09-01
dc.description.abstractPoor rural and urban households in developing countries face substantial risks, which they handle with risk-management and risk-coping strategies, including self-insurance through savings and informal insurance mechanisms. Despite these mechanisms, however, vulnerability to poverty linked to risk remains high. This article reviews the literature on poor households use of risk-management and risk-coping strategies. It identifies the constraints on their effectiveness and discusses policy options. It shows that risk and lumpiness limit the opportunities to use assets as insurance, that entry constraints limit the usefulness of income diversification, and that informal risk-sharing provides only limited protection, leaving some of the poor exposed to very severe negative shocks. Public safety nets are likely to be beneficial, but their impact is sometimes limited, and they may have negative externalities on households that are not covered. Collecting more information on households vulnerability to poverty through both quantitative and qualitative methods can help inform policy.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/09/17591806/income-risk-coping-strategies-safety-nets
dc.identifier.citationWorld Bank Research Observer
dc.identifier.doi10.1596/16419
dc.identifier.urihttps://hdl.handle.net/10986/16419
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank
dc.relation.ispartofseriesWorld Bank Research Observer
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectAGRICULTURAL WAGE
dc.subjectAGRICULTURE
dc.subjectANALYSIS OF VARIANCE
dc.subjectARID TROPICS
dc.subjectASSET HOLDINGS
dc.subjectASSET VULNERABILITY FRAMEWORK
dc.subjectASSETS
dc.subjectBARRIERS TO ENTRY
dc.subjectBENCHMARK
dc.subjectCATTLE OWNERSHIP
dc.subjectCHILD GROWTH
dc.subjectCHILD HEALTH
dc.subjectCHILD LABOR
dc.subjectCHILD MORTALITY
dc.subjectCHRONIC ILLNESS
dc.subjectCHRONIC POVERTY
dc.subjectCHRONICALLY POOR
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSUMPTION INSURANCE
dc.subjectCONSUMPTION LEVELS
dc.subjectCONSUMPTION SMOOTHING
dc.subjectCOPING STRATEGIES
dc.subjectCREDIT MARKET CONSTRAINTS
dc.subjectCREDIT PROGRAMS
dc.subjectCRISES
dc.subjectCROP DIVERSIFICATION
dc.subjectCROP INCOME
dc.subjectCROWDING OUT
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDOWNSIDE RISKS
dc.subjectDROUGHT
dc.subjectDYNAMIC POVERTY
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC FLUCTUATIONS
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC SHOCKS
dc.subjectECONOMICS
dc.subjectECONOMICS LITERATURE
dc.subjectECONOMICS RESEARCH
dc.subjectECONOMIES OF SCALE
dc.subjectEMPLOYMENT
dc.subjectEQUILIBRIUM ANALYSIS
dc.subjectETHNIC GROUPS
dc.subjectEXPECTED UTILITY
dc.subjectEXTENDED FAMILIES
dc.subjectFAMINE
dc.subjectFARM ACTIVITIES
dc.subjectFARM HOUSEHOLDS
dc.subjectFARMERS
dc.subjectFEMALE LABOR
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFOOD AID
dc.subjectFOOD CONSUMPTION
dc.subjectFOOD EXPENDITURE
dc.subjectFOOD INSECURITY
dc.subjectFOOD INTAKE
dc.subjectFOOD MARKETS
dc.subjectFOOD PRICES
dc.subjectFOOD PROCESSING
dc.subjectFOOD-FOR-WORK
dc.subjectFOREIGN EXCHANGE
dc.subjectFORMAL SAFETY NETS
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOME DIVERSIFICATION
dc.subjectHOUSEHOLD LEVEL
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHOUSEHOLD VULNERABILITY
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RESOURCES
dc.subjectIDIOSYNCRATIC RISK
dc.subjectIDIOSYNCRATIC RISKS
dc.subjectIDIOSYNCRATIC SHOCKS
dc.subjectIMPACT OF SHOCKS
dc.subjectIMPLICIT CONTRACTS
dc.subjectINCIDENCE OF POVERTY
dc.subjectINCOME
dc.subjectINCOME FLUCTUATIONS
dc.subjectINCOME GAP
dc.subjectINCOME GROWTH
dc.subjectINCOME RISK
dc.subjectINCOME SHOCKS
dc.subjectINCOME SMOOTHING
dc.subjectINCOME-GENERATING ACTIVITIES
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINFORMAL CREDIT
dc.subjectINFORMAL INSURANCE
dc.subjectINFORMAL INSURANCE MECHANISMS
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE SCHEMES
dc.subjectINSURANCE SYSTEMS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINVENTORY
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLABOR SUPPLY
dc.subjectLACK OF WATER
dc.subjectLANDHOLDINGS
dc.subjectLANDLESS
dc.subjectLANDLESS HOUSEHOLDS
dc.subjectLDCS
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDITY
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANAGERIAL ECONOMICS
dc.subjectMARKET LIBERALIZATION
dc.subjectMICROFINANCE
dc.subjectMIGRATION
dc.subjectMONITORING COSTS
dc.subjectMUTUAL INSURANCE
dc.subjectNEEDY HOUSEHOLDS
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectNONFARM INCOME
dc.subjectNUTRITION
dc.subjectPERMANENT INCOME
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR
dc.subjectPOOR HOUSEHOLDS
dc.subjectPORTFOLIO
dc.subjectPOVERTY ANALYSIS
dc.subjectPOVERTY DYNAMICS
dc.subjectPOVERTY ESTIMATES
dc.subjectPOVERTY GAP
dc.subjectPOVERTY LEVEL
dc.subjectPOVERTY LINE
dc.subjectPOVERTY MEASURES
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY REDUCTION STRATEGIES
dc.subjectPRECAUTIONARY SAVINGS
dc.subjectPRIVATE TRANSFERS
dc.subjectPRODUCT MARKETS
dc.subjectPROFITABILITY
dc.subjectPUBLIC SAFETY NETS
dc.subjectPUBLIC TRANSFER
dc.subjectPUBLIC TRANSFERS
dc.subjectPURCHASING POWER
dc.subjectRECIPROCITY
dc.subjectRISK AVERSE
dc.subjectRISK COPING
dc.subjectRISK OF BANK FAILURE
dc.subjectRISK POOLING
dc.subjectRISK PREMIUM
dc.subjectRISK REDUCING
dc.subjectRISK REDUCTION
dc.subjectRISK SHARING
dc.subjectRISK-COPING
dc.subjectROSCAS
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL COMMUNITIES
dc.subjectRURAL CREDIT
dc.subjectRURAL ECONOMY
dc.subjectRURAL HOUSEHOLD
dc.subjectRURAL HOUSEHOLDS
dc.subjectRURAL POVERTY
dc.subjectSAFETY
dc.subjectSAFETY NET
dc.subjectSAFETY NET PROGRAMS
dc.subjectSAFETY NETS
dc.subjectSAVINGS
dc.subjectSAVINGS BEHAVIOR
dc.subjectSCHOOL ENROLLMENT
dc.subjectSELF-INSURANCE
dc.subjectSHOCK
dc.subjectSMOOTHING CONSUMPTION
dc.subjectSOCIAL CAPITAL
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SAFETY NETS
dc.subjectSOCIAL SECURITY
dc.subjectSUPPORT NETWORKS
dc.subjectSUSU
dc.subjectTARGETED TRANSFERS
dc.subjectTARGETING
dc.subjectTARGETING MECHANISMS
dc.subjectTAXATION
dc.subjectTONTINES
dc.subjectTRANSACTIONS COSTS
dc.subjectTRANSIENT ILLNESS
dc.subjectTRANSIENT POVERTY
dc.subjectTRANSPORT
dc.subjectVILLAGE ECONOMIES
dc.subjectVULNERABLE GROUPS
dc.subjectVULNERABLE HOUSEHOLD
dc.subjectVULNERABLE HOUSEHOLDS
dc.subjectWAGE EARNERS
dc.subjectWAR
dc.subjectWEALTH
dc.subjectWEALTH DISTRIBUTION
dc.subjectWEATHER RISK
dc.subjectWEATHER SHOCKS
dc.subjectWORK PROGRAMS
dc.subjectWORKING CAPITAL
dc.titleIncome Risk, Coping Strategies, and Safety Netsen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2013-04-17
okr.date.doiregistration2025-05-06T11:08:06.140462Z
okr.doctypePublications & Research::Journal Article
okr.doctypePublications & Research::Journal Article
okr.docurlhttp://documents.worldbank.org/curated/en/2002/09/17591806/income-risk-coping-strategies-safety-nets
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.guid239371468331188526
okr.identifier.externaldocumentum000442464_20130417143841
okr.identifier.internaldocumentum17591806
okr.identifier.report76674
okr.journal.nbpages141-166
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/04/17/000442464_20130417143841/Rendered/PDF/766740JRN0WBRO00Box374385B00PUBLIC0.pdfen
okr.peerreviewAcademic Peer Review
okr.topicSocial Protections and Labor::Safety Nets and Transfers
okr.topicSocial Protections and Labor::Labor Policies
okr.topicBanks and Banking Reform
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development
okr.topicMacroeconomics and Economic Growth
okr.unitWater & Sanitation Prgm - Africa (TWIAF)
okr.volume17(2)
relation.isJournalIssueOfPublicationf4a0660c-4a53-4ad8-a0f9-a1f428dc0740
relation.isJournalIssueOfPublication.latestForDiscoveryf4a0660c-4a53-4ad8-a0f9-a1f428dc0740
relation.isJournalOfPublication9e5fbe82-492f-4142-8378-17d50245d9de
relation.isJournalVolumeOfPublicationf7c11983-08ef-4e41-95f9-e71417583f7f
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