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Livestock as an Imperfect Buffer Stock in Poorly Integrated Markets
Lange, Simon; Reimers, Malte - Courant Research Centre PEG - 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/10010888163
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Consumption Smoothing? Livestock, Insurance and Drought in Rural Burkina Faso
Kazianga, Harounan; Udry, Christopher - Economic Growth Center, Economics Department - 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/10005738374
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Early twentieth-century Japanese worker saving: precautionary behaviour before a social safety net
James, John A.; Suto, Isao - In: Cliometrica, Journal of Historical Economics and … 5 (2011) 1, pp. 1-25
This paper pools data from independent household surveys of Japanese workers roughly spanning the Taisho period (1912–1926), a time before private-business or government-provided social safety nets. First, we construct estimates of permanent and transitory income and then estimate saving...
Persistent link: https://www.econbiz.de/10008788593
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Risk and Saving in Two-Person Households: More Scope for Precautionary Saving
Apps, Patricia; Andrienko, Yuri; Rees, Ray - Institute for the Study of Labor (IZA) - 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/10010812036
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Risk and Saving in Two-Person Households: More Scope for Precautionary Saving
Apps, Patricia; Andrienko, Yuri; Rees, Ray - Research School of Economics, College of Business and … - 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/10011079148
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Do positional goods inhibit saving? Evidence from a life-cycle experiment
Feltovich, Nick; Ejebu, Ourega-Zoé - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 440-454
We investigate the effect of positional goods (goods for which one's consumption relative to others’ matters) on saving, based on results from a life-cycle consumption/saving experiment. In a Group treatment, we allow inter-personal comparisons by assigning subjects to groups and displaying...
Persistent link: https://www.econbiz.de/10011116860
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The Impact of Insurance Provision on Households’ Production and Financial Decisions
Cai, Jing - Volkswirtschaftliche Fakultät, … - 2013
Taking advantage of a natural experiment and a rich household-level panel dataset, this paper tests the impact of an agricultural insurance program on household level production, borrowing, and saving. The empirical strategy includes both difference-in-difference and triple difference...
Persistent link: https://www.econbiz.de/10011258732
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Barriers to Household Risk Management: Evidence from India
Cole, Shawn; Gine, Xavier; Tobacman, Jeremy; Topalova, Petia - In: American Economic Journal: Applied Economics 5 (2013) 1, pp. 104-35
randomized field experiments in rural India to test the importance of price and nonprice factors in the adoption of an innovative … rainfall insurance product. Demand is significantly price sensitive, but widespread take-up would not be achieved even if the …
Persistent link: https://www.econbiz.de/10010815890
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Do Hypothetical Experiences Affect Real Financial Decisions? Evidence from Insurance Take-up
Cai, Jing; Song, Changcheng - Volkswirtschaftliche Fakultät, … - 2013
This paper uses a novel experimental design to study the effect of hypothetical personal experience on the adoption of a new insurance product in rural China. Specifically, we conduct a set of insurance games with a random subset of farmers. Our findings show that playing insurance games...
Persistent link: https://www.econbiz.de/10011109780
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The engagement in the non-agricultural sector as a risk-mitigating strategy in rural Pakistan.
Rajadel, Tania - Maison des Sciences Économiques, Université Paris 1 … - 2004
The paper investigates whether, as is often suggested by the literature, diversification towards the non-agricultural sector is considered as a risk- mitigating strategy by rural Pakistani households. This issue has already been addressed but usually as an ex post mechanism, i.e. smoothing...
Persistent link: https://www.econbiz.de/10005696838