181. Behavior Change in the Face of Disaster Risk Finance
- Author:
- Theodore Ezike
- Publication Date:
- 09-2022
- Content Type:
- Working Paper
- Institution:
- Feinstein International Center, Tufts University
- Abstract:
- Large-scale Disaster Risk Finance (DRF) mechanisms are relatively new tools in the field of humanitarian assistance and anticipatory action that can have significant positive effects on disaster recovery. However, there is a lack of analysis on how DRF can affect behavior or risk perception, which is important for countries to understand. Drawing on findings from similar programs, such as community health and microfinance, provided insights on areas where DRF may have impact on behavior. The available research indicates that disasters make people risk averse and that insurance and other DRF mechanisms can enable beneficial outcomes. Trust in public institutions, ideally the ones that manage DRF, alongside accurate and timely information from government or other relevant actors, is needed for acceptable levels of risk to be communicated and for appropriate corresponding actions to be taken.
- Topic:
- Climate Change, Finance, Disaster Management, and Humanitarian Response
- Political Geography:
- Global Focus