@inproceedings{Rungruxsirivorn2007Household,
abstract = {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.},
author = {Ornsiri Rungruxsirivorn},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {330},
language = {eng},
number = {27},
series = {Proceedings of the German Development Economics Conference, G\"{o}ttingen 2007 / Verein f\"{u}r Socialpolitik, Research Committee Development Economics},
title = {Household Risk Management in Rural and Urban Thailand},
url = {http://hdl.handle.net/10419/19881},
year = {2007}
}
