Farm Producers' Household Consumption and Individual Risk Behavior after Natural Disasters

IF 1.3 Q3 AGRICULTURAL ECONOMICS & POLICY Agricultural and Resource Economics Review Pub Date : 2021-02-19 DOI:10.1017/age.2021.2
A. Wahdat, M. Gunderson, J. Lusk
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引用次数: 2

Abstract

Abstract Understanding how farm household consumption responds to adverse income shocks can provide insight into household well-being and appropriate agricultural policy. Using a split-sample survey of Indiana specialty producers, where we randomly assign respondents to treatments that vary the size of a hypothetical income shock, we estimate the relationship between income loss and household consumption. Given that postdisaster producers' risk preferences are important for business decisions, we elicit producers' risk preferences. We find that food and miscellaneous expenses are the most sensitive to income losses. We also find evidence for decreasing absolute risk aversion among producers after the income loss shock.
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自然灾害后农户消费与个体风险行为
了解农户消费如何响应不利的收入冲击可以为家庭福利和适当的农业政策提供见解。通过对印第安纳州特产生产商的分样本调查,我们随机将受访者分配到不同规模的假设收入冲击的处理中,我们估计了收入损失与家庭消费之间的关系。鉴于灾后生产者的风险偏好对商业决策很重要,我们引出了生产者的风险偏好。我们发现食品和杂项开支对收入损失最敏感。我们也发现了收入损失冲击后生产者的绝对风险厌恶降低的证据。
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来源期刊
Agricultural and Resource Economics Review
Agricultural and Resource Economics Review AGRICULTURAL ECONOMICS & POLICY-
CiteScore
2.20
自引率
0.00%
发文量
23
审稿时长
19 weeks
期刊介绍: The purpose of the Review is to foster and disseminate professional thought and literature relating to the economics of agriculture, natural resources, and community development. It is published twice a year in April and October. In addition to normal refereed articles, it also publishes invited papers presented at the annual meetings of the NAREA as well as abstracts of selected papers presented at those meetings. The Review was formerly known as the Northeastern Journal of Agricultural and Resource Economics
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