Description
Considering the issues of households’ accessibility to public programs and private inward remittances, there is a need to better understand the linkages through which households’ decision to pursue private defensive strategies (or private protection activities) might be influenced. This has significant policy implications especially for low-and-middle income countries vulnerable to natural disasters. We introduce a theoretical model of household private investment in protection against damages from a natural disaster event given the presence of public programs and the possibility of receiving inward remittances from members of the household.
Consequences of public programs and private transfers on household’s investment in protection from natural disasters
Considering the issues of households’ accessibility to public programs and private inward remittances, there is a need to better understand the linkages through which households’ decision to pursue private defensive strategies (or private protection activities) might be influenced. This has significant policy implications especially for low-and-middle income countries vulnerable to natural disasters. We introduce a theoretical model of household private investment in protection against damages from a natural disaster event given the presence of public programs and the possibility of receiving inward remittances from members of the household.