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Poverty and hurricane risk exposure in Jamaica

Author

Listed:
  • Nekeisha Spencer

    (University of the West Indies)

  • Eric Strobl

    (University of Bern)

Abstract

This paper investigates the impact of hurricane risk exposure on poverty. To achieve this, we use a small area poverty mapping methodology to simulate our measure of poverty for households in Jamaica. Along with calculated hurricane wind exposure estimates that take account of the type of building material which matters for wind vulnerability, we calculate future risks for household poverty under different RCP8.5 climate change models. In general, we find that without wind resistant building material, substantial increases in poverty are likely under most models. The results are indicative of policy instruments needed to counteract the future risk of increases in poverty.

Suggested Citation

  • Nekeisha Spencer & Eric Strobl, 2022. "Poverty and hurricane risk exposure in Jamaica," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 47(1), pages 141-157, March.
  • Handle: RePEc:pal:genrir:v:47:y:2022:i:1:d:10.1057_s10713-021-00063-6
    DOI: 10.1057/s10713-021-00063-6
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    References listed on IDEAS

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    More about this item

    Keywords

    Poverty; Climate change; Risk;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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