Using household panel data from Korea for 1995-98, this paper shows that private transfers of Korean households were altruistically motivated. Although the altruistic motive of households seemed to be reinforced during the financial crisis, the amount of private transfers was still not...

Agricultural households in developing countries face substantial risk of farm income fluctuations. Farm income is subject to yield and prise risk, both of which are significant because of the dependence of farming on weather. The paper attempts to estimate the variability of net profits at the...