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Livestock as an imperfect buffer stock in poorly integrated markets
Lange, Simon; Reimers, Malte - 2014
Livestock holdings in rural areas of the West African Semi-arid Tropics (WASAT) are often substantial yet there is … datasets covering Burkina Faso's 2004 drought, we find that livestock sales increase significantly in response to drought … little evidence for precautionary saving in the form of livestock out of transitory income. The present paper re-visits farm …
Persistent link: https://www.econbiz.de/10010421087
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Livestock as an imperfect buffer stock in poorly integrated markets
Lange, Simon; Reimers, Malte - 2015
Livestock holdings in rural areas of the West African Semi-arid Tropics (WASAT) are often substantial yet there is … consumption ex post via savings in the form of livestock. Based on data covering Burkina Faso's 2004 drought, we find that … livestock sales increase significantly in response to drought with households citing the need to finance food consumption. Some …
Persistent link: https://www.econbiz.de/10010527467
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Consumption Smoothing? Livestock, Insurance and Drought in Rural Burkina Faso
Kazianga, Harounan; Udry, Christopher - 2004
examine the extent to which livestock, grain storage and interhousehold transfers are used to smooth consumption against … income risk. The survey coincided with a period of severe drought, so that the results provide direct evidence on the …
Persistent link: https://www.econbiz.de/10010369252
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Precautionary borrowing and the credit card debt puzzle
Druedahl, Jeppe; Jørgensen, Casper Nordal - 2015
This paper explores a rational economic explanation for the much discussed credit card debt puzzle. We set-up and simulate a generalization of the buffer-stock consumption model with longterm revolving debt contracts. In line with US credit card law, lenders can always deny households access to...
Persistent link: https://www.econbiz.de/10011557046
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Precautionary borrowing and the credit card debt puzzle
Druedahl, Jeppe; Jørgensen, Casper Nordal - In: Quantitative Economics 9 (2018) 2, pp. 785-823
This paper addresses the credit card debt puzzle using a generalization of the buffer-stock consumption model with long-term revolving debt contracts. Closely resembling actual US credit card law, we assume that card issuers can always deny their cardholders access to new debt, but that they...
Persistent link: https://www.econbiz.de/10012215345
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Risk and saving in two-person households: More scope for precautionary saving
Apps, Patricia; Andrienko, Yuri; Rees, Ray - 2012
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10010287608
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Household Saving and Labor Informality: The Case of Chile
Schclarek, Alfredo; Caggia, Mauricio - 2015
This paper compares the saving behavior of formal and informal workers and additionally provides a socioeconomic and financial characterization of informal workers in Chile. The paper uses the Financial Household Survey conducted by the Central Bank of Chile in 2007, 2008, 2009 and 2010, which...
Persistent link: https://www.econbiz.de/10011314205
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Improving Access to Savings through Mobile Money: Experimental Evidence from African Smallholder Farmers
Batista, Catia; Vicente, Pedro C. - 2019
Investment in improved agricultural inputs is infrequent for smallholder farmers in Africa. One barrier may be limited …
Persistent link: https://www.econbiz.de/10012180006
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Index Based Insurance in Developing Countries: Rational Neglect?
Würtenberger, Daniel - 2019
Microinsurance adoption in developing countries is low, despite its potential to foster economic growth. Recent research is not able to explain the low demand within the neoclassical framework. I contribute to this stream of research by proposing rational as well as boundedly rational...
Persistent link: https://www.econbiz.de/10012118714
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Mobile money, market transactions, and household income in rural Kenya
Kikulwe, Enoch M.; Fischer, Elisabeth; Qaim, Matin - 2013
Mobile phone based money services have spread rapidly in many developing countries. We analyze micro level impacts using panel data from smallholder farmers in Kenya. Mobile money use has a large positive net impact on household income. One important pathway is through remittances, which...
Persistent link: https://www.econbiz.de/10010333097