Household Consumption and Natural Disasters: The Case of Hurricane Mitch in Nicaragua
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This paper analyses coping strategies and
consumption reactions of rural households in Nicaragua to
hurricane Mitch, which caused massive losses in especially
the agricultural sector in 1998. A switching-regression
model confirms theoretical considerations which indicate
that responses to transitory incomes depend on wealth.
Asset-poor households do and asset-rich households do not
adjust their consumption to transitory income changes.