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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19881| Title: | Household Risk Management in Rural and Urban Thailand |
| Keywords: | ddc:330 |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | This paper examines the nature of risk faced by households in Thailand and the strategies that these households adopt to mitigate the adverse effect from income shortfalls. I use a new cross-section dataset that is based on a sample of both urban and rural households. I find that price shock is the most prevalent source of income shortfalls. I also find that the most common risk-mitigating strategy employed by households is to borrow from the Village Fund. Nonetheless, there is a high degree of heterogeneity among households, especially in terms of their sources of income and this plays a key role in determining how a household responds to shocks. Thus, it may not be advisable to design policy based on the paradigm of a representative consumer. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19881 |
| Other Identifiers: | http://hdl.handle.net/10419/19881 ppn:560908334 RePEc:zbw:gdec07:6550 |
| Appears in Collections: | EconStor |
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