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An asset-based approach to social risk management : a conceptual framework

Author

Listed:
  • Siegel, Paul B.
  • Alwang, Jeffrey
Abstract
There is increasing concern about the vulnerability of poor and near-poor rural households, who have limited capabilities to manage risk and often resort to strategies that can lead to a vicious cycle of poverty. Household-related risk is ususally considered individual or private, but measures to manage risk are actually social or public in nature. Furthermore, various externality issues are associated with household-related risk, such as its links to economic development, poverty reduction, social cohesion, and environmental quality. Hence the need for a holistic approach to risk management, or"social risk management,"which encompasses a broad spectrum of private and public actions. An asset-based approach to social risk management is presented, which provides an integrated approach to considering household, community, and extra-community assets and risk-management strategies. The conceptual framework for social risk management focuses on rural Sub-Saharan Africa. The report concludes with several suggestions on moving from concepts to actions.

Suggested Citation

  • Siegel, Paul B. & Alwang, Jeffrey, 1999. "An asset-based approach to social risk management : a conceptual framework," Social Protection Discussion Papers and Notes 21324, The World Bank.
    • Handle: RePEc:wbk:hdnspu:21324
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    References listed on IDEAS

    as
    1. de Janvry, Alain & Key, Nigel D. & Sadoulet, Elisabeth, 1997. "Agricultural And Rural Development Policy In Latin America: New Directions And New Challenges," CUDARE Working Papers 25096, University of California, Berkeley, Department of Agricultural and Resource Economics.
    2. de Janvry, Alain & Sadoulet, Elisabeth, 1996. "Household Modeling For The Design Of Poverty Alleviation Strategies," CUDARE Working Papers 25121, University of California, Berkeley, Department of Agricultural and Resource Economics.
    Full references (including those not matched with items on IDEAS)

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