1. Do Natural Disasters Affect the Poor Disproportionately? Price Change and Welfare Impact in the Aftermath of Typhoon Milenyo in the Rural Philippines
- Author
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Nobuhiko Fuwa, Yuki Higuchi, Jonna P. Estudillo, Yasuyuki Sawada, and Yoko Sakai
- Subjects
Economics and Econometrics ,natural disaster ,Asia ,Sociology and Political Science ,050204 development studies ,media_common.quotation_subject ,Geography, Planning and Development ,Development ,Affect (psychology) ,0502 economics and business ,Development economics ,Economics ,compensating variation ,050207 economics ,Natural disaster ,media_common ,welfare analysis ,Consumption (economics) ,05 social sciences ,the Philippines ,Compensating variation ,welfare impacts ,Typhoon ,risk coping ,Price change ,%22">Fish ,Welfare - Abstract
This paper illustrates the sharp contrast in welfare impacts between the rich and the poor caused by typhoon Milenyo in a Philippine village. We find that fish prices dropped sharply due to the damage caused to fish pens near the village, leading to positive net welfare gains among the wealthy. In contrast , the poor do not consume much fish and thus did not gain from the sharp decline in prices. Finally, co nsumption reallocation played an important role as an ex post risk coping measure, albeit only among the wealthy, who are relatively well protected against typhoons., Embargo Period 24 months, http://www.grips.ac.jp/list/jp/facultyinfo/estudillo_jonna/
- Published
- 2017