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Measuring Natural Risks in the Philippines : Socioeconomic Resilience and Wellbeing Losses (English)

Traditional risk assessments use asset losses as the main metric to measure the severity of a disaster. This paper proposes an expanded risk assessment based on a framework that adds socioeconomic resilience and uses wellbeing losses as its main measure of disaster severity. Using a new, agent-based model that represents explicitly the recovery and reconstruction process at the household level, this risk assessment provides new insights into disaster...
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Walsh,Brian James; Hallegatte,Stephane.

Measuring Natural Risks in the Philippines : Socioeconomic Resilience and Wellbeing Losses (English). Policy Research working paper|no. WPS 8723 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/482401548966120315

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