Shocks and Stability of Risk and Time Preferences among Poor Rural Households in Ethiopia

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-05-06 DOI:10.1093/jae/ejae005

T. Meles, M. H. Abay, Guush Berhane, A. Taffesse

引用次数: 0

Abstract

This paper examines the effects of shocks on temporal stability of risk and time preferences of rural households within a developing country context characterized by frequent droughts, chronic food insecurity, and low levels of education. Leveraging a three-wave large and diverse household panel data that elicits preferences every two years for more than 6,500 individuals from over 5,600 sample rural households in Ethiopia, we analyze the effects of droughts (self-reported) and rainfall shortfalls on household risk and time preferences. Our findings show that households become more risk-averse and impatient after experiencing drought and rainfall shocks; the change in risk preferences is more notable among households that experience recurrent droughts and multiple covariate shocks during the same period.

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埃塞俄比亚农村贫困家庭风险和时间偏好的冲击与稳定性

本文研究了在一个以干旱频发、长期粮食不安全和教育水平低为特点的发展中国家，冲击对农村家庭风险和时间偏好的时间稳定性的影响。我们利用埃塞俄比亚 5,600 多个抽样农村家庭中 6,500 多人每两年一次的偏好调查数据，分析了干旱（自我报告）和降雨量不足对家庭风险和时间偏好的影响。我们的研究结果表明，家庭在经历干旱和降雨冲击后会变得更加规避风险和缺乏耐心；风险偏好的变化在同期经历反复干旱和多重协变量冲击的家庭中更为明显。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.