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Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...
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This paper investigates the effects of multiple weather shocks on household welfare in Mozambique, as well as some of … various weather risks. Experiencing a cyclone, flood, or drought leads to a drop of up to 25-30 percent in per capita food … that household welfare and economic mobility in low-income environments are constrained by uninsured weather risks …
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-, BE/ME-, and momentum-related factors are extremely sensitive to these extreme weather events. Long and short legs react …
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