Vulnerability of Households to Disaster Risks: Evidence from Rural India

Disaster risk is a major concern in India as people living in disaster-prone regions are subject to a variety of risks concerning their livelihood. This paper attempts to study vulnerability of rural households. Their income is affected due to climate-related natural disasters like droughts and floods. The analysis is carried out using a production function approach with alternative specifications. The findings suggest that shocks are significantly responsible for diminishing the income of these households and household specific characteristics are important in determining their income.