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- W3122815361 abstract "Drought concerns us when it compromises the long-term productivity and welfare of households. The same drought event, however, can affect households differently due to differences in portfolios of income-generating activities. A household’s response to a shock is a function of its unique, idiosyncratic income shock, but also of its relative costs of various coping strategies. For a household that has already drawn down a productive asset to critical levels, selling one more unit could come at a high cost in terms of future productivity. Likewise, a household consuming the bare minimum would be loath to further sacrifice consumption. How a household responds to income shocks is therefore also a function of the composition and levels of its assets. The same outward response has different consequences in terms of consumption, and long-term productivity. This paper presents a model of asset re-allocation in response to drought in which a) each household’s idiosyncratic characteristics temper the income shock that it receives and b) a household’s coping response is also a function of its asset endowment. It then applies this model to coping responses observed over a cross section of rural Moroccan households after a drought event. We demonstrate the utility of such as model in characterizing households that are particularly vulnerable to drought, and in identifying interventions." @default.
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- W3122815361 date "2009-01-01" @default.
- W3122815361 modified "2023-10-15" @default.
- W3122815361 title "Drought Risk and Drought Response in Morocco: Vulnerability, Risk Perceptions and Drought Coping Among Rainfed Cereal Farmers" @default.
- W3122815361 hasPublicationYear "2009" @default.
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