This paper analyzes the dynamics of assets held by low-income households facing various types of income shocks in pre-independence and post-independence Pakistan. Focusing on the province of Khyber Pakhtunkhwa (formerly known as the North-West Frontier Province or NWFP), the paper first...

In recent decades, the world has faced an increasing number of natural and man-made disasters. Such disasters include tsunamis, earthquakes, the current ongoing financial crisis, terrorism, riots, and wars. These disasters generate tremendous social and economic costs, especially for the poor in...