Mishra, Ashok K.; Uematsu, Hiroki; Powell, Rebekah R. - In: Journal of Applied Economics XV (2012) November, pp. 353-369
This study investigates the presence of precautionary savings among self-employed farm households using an instrumental variable approach on farm-level data. Results indicate that precautionary saving is a powerful determinant of wealth accumulation among U.S. farm households. Precautionary...