The effects of shocks, gender and culture on asset accumulation
Berhman, Julia A.
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Sustainability poverty reduction is difficult to achieve without mechanisms that help households manage shocks. Covariate shocks, which impact virtually everyone in a community occur because of natural disasters, war, price instability and financial crises. Idiosyncratic shocks, which impact only individuals or specific households, commonly arise due to farm-specific crop failure or livestock mortality, illness, injury or death of a household member, or property loss due to fire or theft. Such shocks of the severely affect a household’s asset holdings thereby trapping a house-hold in chronic poverty
- Social Sciences