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This paper provides a theory-based empirical framework for understanding the risk and return on productive capital …
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This paper provides a theory-based empirical framework for understanding the risk and return on productive capital …
Persistent link: https://www.econbiz.de/10012458925
Persistent link: https://www.econbiz.de/10000951214
We use panel data from El Salvador to investigate migration and the intra-household allocation of labor as a strategy for coping with uninsured risk. Consistent with a model of a farm household with a binding subsistence constraint, we show that adverse agricultural productivity shocks increased...
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