Ulrike Grote presents a paper, coauthored by Trung Thanh Nguyen, Thanh-Tung Nguyen and Van-Hanh Le, at the World Congress of the International Economic Association (IEA) which takes place virtually from 2-6 July 2021. The paper which is part of a session on “Shocks, coping strategies and vulnerability”, examines and compares the welfare effects of floods, droughts, and storms on rural households in Thailand and Vietnam. The results show that these weather shocks have significant effects on household income, consumption, and poverty in both countries, though the levels of severity are quite different. The recorded session can be found here.