Measuring precautionary wealth using cross-sectional data: the case of farm households |
| |
| Authors: | Ashok K Mishra Hiroki Uematsu J Matthew Fannin |
| |
| Institution: | 1. Department of Agricultural Economics and Agribusiness, Louisiana State University AgCenter & Louisiana State University, 211 Martin D. Woodin Hall, Baton Rouge, LA, 70803, USA
|
| |
| Abstract: | This study models and investigates the presence of precautionary wealth among farm households, something few studies have attempted. Using pooled farm-level data, we find that self-employed farm households accumulate more wealth. Precautionary savings is about 8% of total household wealth. In addition, we find that age, education, occupation, and operation size are important factors influencing wealth accumulation by US farm households. |
| |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ |
|
