Poor households with little or no wealth are particularly vulnerable to risks that reduce incomes and increase expenditures. This paper addresses many of the risk-coping strategies for the rural poor, with a focus on micro level and household actions. Largely, these discussions concern risks that can be shared within a community or extended family. While effective for independent risks, these strategies are rather ineffective for covariate or systemic risks. 

Author: Jerry Skees, Panos Varangis, Donald Larson, and Paul Siegel 

Country: USA