Increasing occurrence of devastating natural shocks has stimulated research interest in the economics of natural disasters. Much of this scholarly work concentrates on effects of shocks on poverty, risk and vulnerability, and very little on understanding the effects of natural shocks on risk...

Rural non-farm employment (RNFE) is thought to ease poverty, economic vulnerability and income inequality. Two key questions arise: (1) Do alternative income sources actually help to raise the welfare of small family farms? (2) How is the rural regional income distribution affected by mixed...

Social capital matters in determining a person’s or a family’s material well-being. It is argued that social capital functions similar to the traditional production factors. However, there are not many empirical analyses looking into this hypothesis at the farm-household level in...