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Risk Pooling and Precautionary Saving in Village Economies
Fafchamps, Marcel; Shrinivas, Aditya - National Bureau of Economic Research - 2022
We propose a new method to test for efficient risk pooling that allows for intertemporal smoothing, non-homothetic consumption, and heterogeneous risk and time preferences. The method is composed of three steps. The first one allows for precautionary savings by the aggregate risk pooling group....
Persistent link: https://www.econbiz.de/10013334347
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Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2024
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to rank them. For...
Persistent link: https://www.econbiz.de/10015056164
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The Endowment Effect and Collateralized Loans
Carney, Kevin; Kremer, Michael; Lin, Xinyue; Rao, Gautam - National Bureau of Economic Research - 2022
Collateral requirements play an important role in credit markets. This paper shows that the endowment effect--the phenomenon where owing a good increases one's valuation of it--inhibits demand for loans which use a borrower's existing assets as collateral. Using a field experiment in Kenya, we...
Persistent link: https://www.econbiz.de/10013210101
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Weather, Climate, and Technology Adoption : An Application to Drought-Tolerant Corn in the United States
McFadden, Jonathan R.; Smith, David; Wallander, Steven - National Bureau of Economic Research - 2022
Crop farmers have few short-run options for reducing downside production risk from changes in drought frequency and … intensity due to ongoing climate change. However, one recently available option is drought-tolerant (DT) varieties. We determine … how recent drought exposure, drought risk, and other climatic features have influenced adoption of DT corn--a water …
Persistent link: https://www.econbiz.de/10013334340
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Cover Crops, Drought, Yield and Risk : an Analysis of U.S. Soybean Production
Dong, Fengxia - National Bureau of Economic Research - 2022
resilience to drought. We explored factors influencing farmer's adoption of cover crops and examined the effects of cover crops … Soybean Costs and Returns Report. Incorporating drought occurrence in current year and previous 5 years into our analysis, we … find that previous occurrence of drought did not affect farmers' adoption of cover crops and the effects of cover crops on …
Persistent link: https://www.econbiz.de/10013334341
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Friends with Benefits : Social Capital and Household Financial Behavior
Cannon, Brad; Hirshleifer, David; Thornton, Joshua - National Bureau of Economic Research - 2024
Using friendship data from Facebook, we study the effects of three aspects of social capital on household financial behavior. We find that the most important measure of social capital in explaining stock market and saving participation is Economic Connectedness, defined as the fraction of one's...
Persistent link: https://www.econbiz.de/10014512040
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Liquidity, Financial Centrality, and the Value of Key Players
Chandrasekhar, Arun G.; Townsend, Robert M.; Xandri, … - National Bureau of Economic Research - 2022
Consider an economy in which agents face income risk but interact in a stochastic financial network where the randomness is dictated by both chance and choice. We study the financial centrality of an agent defined as the ex-ante marginal social value of providing a small liquid asset to that...
Persistent link: https://www.econbiz.de/10013334487
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Risk Sharing, Commitment Constraints and Self Help Groups
Attanasio, Orazio P.; Kochar, Anjini; Mahajan, Aprajit; … - National Bureau of Economic Research - 2023
Evaluations of group savings and lending programs have largely focused on average impacts, rather than distributional impacts -- finding modest effects on long-term economic well-being. In this paper, we exploit the randomized roll-out of a self-help group lending program in rural Bihar, India...
Persistent link: https://www.econbiz.de/10014287346
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Center Pivot Irrigation Systems as a Form of Drought Risk Mitigation in Humid Regions
Cooley, Daniel J.; Smith, Steven M. - National Bureau of Economic Research - 2022
selection, and reduction in drought-related insurance payouts. To do so, we create a novel data set derived from a deep learning … model capable of automatically identifying the location of CPIS during drought years along with annual county level crop … to more water intensive crops, or an expansion of cropland. However, in drought years CPIS presence does have a …
Persistent link: https://www.econbiz.de/10013210121
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Employer 401(k) Matches for Student Debt Repayment : Killing Two Birds with One Stone?
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - National Bureau of Economic Research - 2024
Almost 50 million Americans are burdened by the need to repay almost $2 trillion in student loan debt, while at the same time having to save for retirement. This article analyzes the potential impact of the 2022 SECURE 2.0 Act reform which permits employers to match contributions for student...
Persistent link: https://www.econbiz.de/10014544722