Macours, K (2013) Volatility, agricultural risk, and household poverty: micro-evidence from randomized control trials. Agricultural Economics, 44. pp. 1-6. (Unpublished)
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Abstract
Households in developing countries are often highly exposed to risk and despite households’ risk strategies negative shocks often result in substantial welfare losses. Given the possibility that weather risks in particular might be further increasing, there is renewed policy attention on improving households’ risk management strategies. This article provides an overview of insights learned from recent randomized control trials on predictions coming out of the theoretical literature on households’ ex ante risk management. It reveals new puzzles and questions regarding households’ inter-temporal decision making under risk, and draws lessons for effective policy design.
| Item Type: | Article |
|---|---|
| Author Affiliation: | Paris School of Economics and INRA, Jourdan, Paris |
| Subjects: | Social Sciences > Agricultural Economics Statistics and Experimentation > Experimentation |
| Divisions: | General |
| Depositing User: | Mr. SanatKumar Behera |
| Date Deposited: | 03 Jul 2013 04:29 |
| Last Modified: | 03 Jul 2013 04:29 |
| Official URL: | http://dx.doi.org/10.1111/agec.12052 |
| URI: | http://eprints.icrisat.ac.in/id/eprint/10810 |
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