Arbeitspapier
Risky income or lumpy investments? Evidence on two theories of under-specialization
Why do the poor have so many economic activities? According to one theory the poor do not specialize because relying on one income source is risky. I test the theory by measuring the response of Thai rice farmers to conditional volatility in the international rice price. Households expecting a harvest take on 1 extra activity when the volatility rises by 21 percent. I confirm the decrease in specialization costs households foregone revenue. I find no evidence to back a second theory in which households under-specialize because they cannot afford lumpy business investments.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 723
- Klassifikation
-
Wirtschaft
Household Production and Intrahousehold Allocation
Microeconomic Analyses of Economic Development
- Thema
-
risk
specialization
occupation
rice
Thailand
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Shenoy, Ajay
- Ereignis
-
Veröffentlichung
- (wer)
-
University of California, Economics Department
- (wo)
-
Santa Cruz, CA
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Shenoy, Ajay
- University of California, Economics Department
Entstanden
- 2014
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