Gone with the Storm : Rainfall Shocks and Household Well-Being in Guatemala
This paper investigates the causal
consequences of Tropical Storm Agatha (2010) -- the
strongest tropical storm ever to strike Guatemala since
rainfall records have been kept -- on household welfare. The
analysis reveals substantial negative effects, particularly
among urban households. Per capita consumption fell by 12.6
percent, raising poverty by 5.5 percentage points (an
increase of 18 percent). The negative effects of the shock