from a nationally representative farm household survey in Senegal, we evaluated the effect of different risk management …

We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically … preferences are unrelated to wealth or other characteristics. The heterogeneity matters for policy: Although the average household … worse off by several percent of household consumption. …

to the structure and wealth of the household and the gender roles of its members. The report identifies how to strengthen … management by the household is absent or is not adequate. Finally, recognizing that some household reactions to income loss have …