Description
Based on multiple rounds of household survey data from rural Bangladesh collected after the 1998 flooding, this paper investigates the factors that contribute to reducing sickness shocks after a massive natural disaster. Of particular interest, we take advantage of the well-known joint liability scheme of microfinance programs offered by non-governmental organizations (NGOs) to investigate if such a scheme reduces sickness shocks after a major natural disaster.
Natural disaster and sickness shocks: evidence of informal insurance
Based on multiple rounds of household survey data from rural Bangladesh collected after the 1998 flooding, this paper investigates the factors that contribute to reducing sickness shocks after a massive natural disaster. Of particular interest, we take advantage of the well-known joint liability scheme of microfinance programs offered by non-governmental organizations (NGOs) to investigate if such a scheme reduces sickness shocks after a major natural disaster.