Kaboski, Joseph Paul; Townsend, Robert M. - 2008
eventually repaid.
The income measure we use (denoted ~Yn;t) includes all agricultural, wage, business and
�nancial income (net … of agricultural and business expenses) but excludes interest income
on liquid assets such as savings deposits as in the …
household composition, business cycle and regional variation, and unmodeled aspects of
unobserved household heterogeneity …