Transfers, Diversification and Household Risk Strategies: Experimental Evidence with Lessons for Climate Change Adaptation

@article{Macours2012TransfersDA,
  title={Transfers, Diversification and Household Risk Strategies: Experimental Evidence with Lessons for Climate Change Adaptation},
  author={Karen Macours and Patrick Premand and Renos Vakis},
  journal={World Bank Policy Research Working Paper Series},
  year={2012}
}
While climate change is likely to increase weather risks in many developing countries, there is little evidence on effective policies to facilitate adaptation. This paper presents experimental evidence on a program in rural Nicaragua aimed at improving households' risk-management through income diversification. The intervention targeted agricultural households exposed to weather shocks related to changes in rainfall and temperature patterns. It combined a conditional cash transfer with… 

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