This paper investigates the correlates of household welfare in urban Ethiopia with an emphasis on the impact of education. We use household panel data collected between 1994 and 1997. Welfare is approximated by household income. Although non-educated households are found in all income quintiles,...

An experimental design using treatments of a voluntary contribution mechanism is used to test household efficiency. Efficiency is decisively rejected in all treatments contrary to the assumption of most household models. Information on initial endowments of spouses improves efficiency only in...

This paper considers asset holdings in rural Ethiopia. It shows that households own mostly non-financial assets and that the composition of asset portfolios varies significantly with the household’s overall wealth and its exposure to uncertainty. As regards the distribution of assets,...