Macroeconomic resilience has two components: instantaneous resilience, which is the ability to limit the magnitude of immediate production losses for a given amount of asset losses, and dynamic resilience, which is the ability to reconstruct and recover. We define household i to be resilient at time t if its probability of falling below the asset poverty line (i.e. its estimated resilience, ρ ˆ i t) is greater than a minimum normative threshold (R ¯) at time t i.e. A disruption in the flow of oil would have obvious negative impacts, but the point here is to think about long-term transportation strategies that may or may not include oil, and to add some resilience to the contents of your trunk. Resilience definition, the power or ability of a material to return to its original form, position, etc., after being bent, compressed, or stretched; elasticity. We make use of three different indices of household resilience: livelihood diversity, wealth, and a comprehensive resilience index based on a combination of human, financial, physical, social, and natural capital. Developmental perspective. A family resilience framework, likewise, seeks to identify common elements in a crisis situation and effective family responses while also taking into account each family's unique perspectives, resources, and challenges. It doesn’t mean that people breeze through but, for most of us, it is within our ability to endure. Resilience to household financial shocks Financial resilience is the ability to weather the storm when events happen in our lives which have a negative impact on our finances. The authors endorse this definition because it underscores the main types of capital that are collectively managed (e.g., social and natural) and the distinctive aspect of community resilience: the community’s capacity for collective action. Household Resilience Index that captures a measure of human well-being is recommended as an alternative to a more complex, composite index for use in resilience M&E. The social sciences generally define resilience as the ability to recover from negative life experiences and become stronger while overcoming them (Henderson & Milstein, 1996). The Cambridge dictionary defines resilience as the ability to be happy, successful, etc. Resilience is the psychological quality that allows some people to be knocked down by the adversities of life and come back at least as strong as before. As Maria Otero, former Undersecretary of State, noted at a recent CSIS event on resilience, definitions of resilience continue to focus on linking it to crisis or disaster risk mitigation and response. This report shows how such an index can be readily created for most of East Africa using available data, … A devel- opmental perspective is essential in under- standing and fostering family resilience. The follow-up article in the household resilience series covers seven more areas. This program is also co-funded with the Australian Government. again after something difficult or bad has happened…. again after something difficult or bad has happened. In this paper, I introduce the Household Livelihood Resilience Approach (HLRA), which draws from the sustainable livelihoods approach and it’s five capital assets to measure resilience. Family resilience is a relatively new construct that describes how families adapt to stress and bounce back from adversity. Menu. While a country may have received a significant amount of foreign aid, this does not mean that the benefits have necessarily reached every household within the country or been distributed equally. Theoretical resilience frameworks are often not linked to attempts to measure resilience. 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