@article{Carter:12648,
      recid = {12648},
      author = {Carter, Michael R. and Little, Peter D. and Mogues,  Tewodaj and Negatu, Workneh},
      title = {Shocks, Sensitivity and Resilience: Tracking the Economic  Impacts of Environmental Disaster on Assets in Ethiopia and  Honduras},
      address = {2005},
      number = {1800-2016-142274},
      series = {Staff Paper Series No. 489},
      pages = {39},
      year = {2005},
      abstract = {Droughts, hurricanes and other environmental shocks  punctuate the lives of poor and vulnerable populations in  many parts of the world. The direct impacts can be  horrific, but what are the longer-term effects of such  shocks on households and their livelihoods? Under what  circumstances, and for what types of households, will  shocks push households into poverty traps from which  recovery is not possible? In an effort to answer these  questions, this paper analyzes the asset dynamics of  Ethiopian and Honduran households in the wake of severe  environmental shocks. While the patterns are different  across countries, both reveal worlds in which the poorest  households struggle most with shocks, adopting coping  strategies which are costly in terms of both short term and  long term well-being. There is some evidence that shocks  threaten long term poverty traps and that they tend to  militate against any tendency of the poor to catch up with  wealthier households. Policy implications are discussed in  terms of access to markets and the design of government  safety net programs.},
      url = {http://ageconsearch.umn.edu/record/12648},
      doi = {https://doi.org/10.22004/ag.econ.12648},
}