Transfers, Diversification and Household Risk Strategies: Can Productive Safety Nets Help Households Manage Climatic Variability?
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- handle: 10670/1.t6q40q
- halshs: halshs-03672313
- doi: 10.1093/ej/ueac018
- WOS: 000792716400001
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info:eu-repo/semantics/altIdentifier/doi/10.1093/ej/ueac018
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Work, Method of Industry (Psychology) Method of work Education, Vocational Work experience Vocational training Manpower development and training Manpower training programs Job training Vocational training Investing Investment management Portfolio Fortunes Household income Personal income Family income Funds Funding Proof Capital assets Fixed assets Businesses Firms Companies Enterprises Business organizations Organizations, Business Skill Abilities Talent Aptitude Talents Proficiency Skills Finance, commerce, confiscations, etcCiter ce document
Karen Macours et al., « Transfers, Diversification and Household Risk Strategies: Can Productive Safety Nets Help Households Manage Climatic Variability? », HAL-SHS : économie et finance, ID : 10.1093/ej/ueac018
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Résumé
We present experimental evidence on a programme aimed at improving households' risk management through income diversification. The intervention targeted rural Nicaraguan households exposed to weather variability and combined a one-year conditional cash transfer with vocational training or a productive investment grant. Both complementary interventions provided protection against weather shocks two years after the programme ended. Households that received the productive investment grant also had higher average consumption levels. The complementary interventions facilitated income smoothing and diversification of economic activities. Relaxing capital constraints induced investments in non-agricultural businesses, while relaxing skills constraints increased wage work and migration in response to shocks.