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.
| Original language | English |
|---|---|
| Pages (from-to) | 141-157 |
| Number of pages | 17 |
| Journal | GENEVA Risk and Insurance Review |
| Volume | 47 |
| Issue number | 1 |
| Early online date | 1 Feb 2021 |
| DOIs | |
| Publication status | Published - Mar 2022 |
Bibliographical note
Publisher Copyright:© 2021, International Association for the Study of Insurance Economics.
Keywords
- Climate change
- Poverty
- Risk
ASJC Scopus subject areas
- Accounting
- Business, Management and Accounting (miscellaneous)
- Finance
- Economics and Econometrics
Access to Document
- SpencerN2021Poverty
This is a post-peer-review, pre-copyedit version of an article published in The Geneva Risk and Insurance Review. The definitive publisher-authenticated version Spencer, N., Strobl, E. Poverty and hurricane risk exposure in Jamaica. Geneva Risk Insur Rev 47, 141–157 (2022). DOI: 10.1057/s10713-021-00063-6 is available online at: https://doi.org/10.1057/s10713-021-00063-6