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Insurance and Rural Welfare: What can Panel Data tell us?

Elbers, Chris; Gunning, Jan Willem; Pan, Lei - 2007

Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under … Indian farmers in the ICRISAT villages would not benefit from the introduction of formal weather insurance. In this paper we … that this can affect the conclusion that insurance would not be welfare improving. …

Persistent link: https://www.econbiz.de/10010325576

Growth and Risk: Methodology and Micro Evidence

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - 2003

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...

Persistent link: https://www.econbiz.de/10010324821

Consumption smoothing and price enhancement motives for grain storage: Empirical perspectives from rural Ethiopia

Tesfaye, Wondimagegn; Gebremariam, Gebrelibanos - In: Agricultural and Food Economics 8 (2020) 1, pp. 1-19

Consumption smoothing and temporal price arbitrage are the two main economic motives for grain storage in semi-subsistence economies. Nonetheless, little has been documented on the determinants of households' grain storage behavior. Using a rich panel data from maize producing households in...

Persistent link: https://www.econbiz.de/10012613869

Precautionary Savings, Loss Aversion, and Risk: Theory and Evidence

Dhami, Sanjit; Hajimoladarvish, Narges; Georgalos, … - 2023

We consider a simple, two period, consumption-savings model with future income uncertainty that examines the interplay of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests based on subject-specific choices, and the measurement of...

Persistent link: https://www.econbiz.de/10014377544

Climate Change and Extreme Events: An Assessment of Economic Implications

Roson, Roberto; Calzadilla, Alvaro; Pauli, Francesco - 2006

We use a general equilibrium model of the world economy, and a regional economic growth model, to assess the economic implications of vulnerability from extreme meteorological events, induced by the climate change. In particular, we first consider the impact of climate change on ENSO and NAO...

Persistent link: https://www.econbiz.de/10010312461

The Response of Consumption in Russian Households to Economic Shocks

Stillman, Steven - 2001

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 – 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...

Persistent link: https://www.econbiz.de/10010262612

Wage risk and employment risk over the life cycle

Low, Hamish; Meghir, Costas; Pistaferri, Luigi - 2008

heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. …

Persistent link: https://www.econbiz.de/10010268615

Unemployment and Portfolio Choice: Does Persistence Matter?

Bremus, Franziska M.; Kuzin, Vladimir N. - 2010

We use a realistically calibrated life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes and Maenhout (2005). We extend it by...

Persistent link: https://www.econbiz.de/10010274543

Wage risk and employment risk over the life cycle

Low, Hamish; Meghir, Costas; Pistaferri, Luigi - 2008

Persistent link: https://www.econbiz.de/10010275760

Unemployment and portfolio choice: Does persistence matter?

Kuzin, Vladimir N.; Bremus, Franziska M. - 2010

We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...

Persistent link: https://www.econbiz.de/10010291783