The paper uses a detailed household survey to document precautionary wealth accumulation in Afghanistan, with wealth … in the low-conflict regions rely almost exclusively on livestock to iron out uncertainty, households in the high … real returns of livestock relative to jewelry in high-conflict provinces …

We measure if and to what extent livestock sales during food shortages affect the wealth value of livestock. For this … markets), for the period from January 1991 to December 2009. The empirical evidence is consistent with increased livestock … sales during food shortages, especially small livestock, and especially in the south. Results are robust for different ways …

separation. Instead, households rely on remittances and, to a lesser extent, savings in the wake of a job separation. I find some …