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Title:Income risk and welfare status of rural households in Nigeria: Ekiti State as a test case PDF Logo
Authors:Oluwatayo, I. B.
Issue Date:2004
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2004/61
Abstract:This paper examines the impact of income risk on the level of well-being of rural households in Nigeria. While income risk is defined as the risks associated with variability in income well-being is defined in terms of the level of utility reached by a given individual. This level is a function of goods and services that the individual consumes. The study is based on primary data collected from a sample of 285 households in Ekiti State, Nigeria. Analysis of the data revealed that household heads’ age, years of formal education, household size, size of land cultivated and total expenditure (on food and non-food items) are major determinants of income risks among households in the study area. Also, going by the indices of various social indicators of well-being considered, it was revealed that income risk impacts negatively on the well-being of households in the study area.
Subjects:income risk
welfare status
social indicators
Ekiti State
rural households
JEL:I31
ISBN:9291906565
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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