This study examines the portfolio allocation of assets for farm and nonfarm households using the Agricultural Resource Management Survey and the Survey of Consumer Finances. The stylized facts of household finance, including limited participation in equity markets and heterogeneity of asset...

Using a cross sectional farm-level data we find that farm households who face higher income uncertainty save more and accumulate more wealth. Precautionary savings is about 6 percent of the total farm household wealth. In addition to precautionary saving, and consistent with theory we found that...

This study examines the determinants of income diversification of farm households in the United States. Farm households allocate their time between farm and off-farm activities to help stabilized household income (consumption). What characterizes those households who engage in off-farm...

This study examines factors affecting tax-deferred retirement savings among farm households. A double-hurdle model is estimated using 2003 Agricultural Resource Management Survey (ARMS) farm-level national data. Results indicate that demographic factors, total household income, off-farm work,...

This study assesses the determinants of income diversification of farm households in the Western Region of Ghana. A censored Tobit regression model was used to find the determinants of the degree of income diversification measured by the Simpsons Index of Diversity (SID). The results indicate...

The period since the Polish integration with the European Union has been characterized by an increase in household income of farmers and also by income diversity. The household disposable income of farmers in the area group of 20 hectares or more is about 2.0 times higher than in the 1-5 hectare...

Several proposals calling for fundamental reform of the Federal income tax system have been put forth, including a report by the co-chairs of the National Commission on Fiscal Responsibility. The primary elements of reform—eliminating tax preferences, restructuring capital gains and dividend...