Households accumulate wealth as a reserve against unexpected contingencies. We employ a detailed household survey in … Afghanistan to study how non-housing wealth accumulation of households varies with labor income uncertainty. We find that … households facing higher income uncertainty accumulate significantly larger quantities of non-housing wealth. Exploiting …

The paper uses a detailed household survey to document precautionary wealth accumulation in Afghanistan, with wealth … is also lower for these households. There is no significant difference in the wealth response to income uncertainty … across high- and low-conflict provinces. However, the constituents of precautionary wealth vary drastically. While households …