As a result of many years of deforestation, fuelwood scarcity is a critical problem in Ethiopia. The Ethiopian government encouraged afforestation and tree growing at both the community and household levels as a policy to stem deforestation and degradation of agricultural lands. The rationale...

Risk-aversion has generally been found to decrease in income. This may lead one to expect that poor countries will be more risk-averse than rich countries. Recent comparative findings with students, however, suggest the opposite, giving rise to a risk-income paradox. This paper tests this...