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Hoogeveen, van der Klaauw, and van Lomwel focus on the timing of marriages of women in rural Zimbabwe. Zimbabwean … originates. They distinguish household-specific wealth levels and two types of shocks - correlated (weather) shocks and …
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Using a unique panel data set for rural households in Zimbabwe we estimate a microeconomic model of growth under … uncertainty, a stochastic version of the Ramsey model with livestock as the single asset. We use the estimation results in … the capital stock (livestock) to its steady state value is - as expected - strongly equalising: the coefficient of …
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