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Proceedings of the German Development Economics Conference, 2007 (Göttingen) >
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http://hdl.handle.net/10419/19881
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| Title: | | Household Risk Management in Rural and Urban Thailand  |
| Authors: | | Rungruxsirivorn, Ornsiri |
| Issue Date: | | 2007 |
| Series/Report no.: | | Proceedings of the German Development Economics Conference, Göttingen 2007 / Verein für Socialpolitik, Research Committee Development Economics 27 |
| 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. |
| Document Type: | | Conference Paper |
| Appears in Collections: | | Proceedings of the German Development Economics Conference, 2007 (Göttingen)
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