Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121777
Authors: 
Wagener, Andreas
Zenker, Juliane
Year of Publication: 
2015
Series/Report no.: 
Discussion Paper, Wirtschaftswissenschaftliche Fakultät, Leibniz University of Hannover 562
Abstract: 
From 2009 to 2011, the Thai government implemented an income guarantee program for rice, tapioca and maize farmers. Essentially, this program added a non-negative but stochastic component to the incomes of registered farmers. We evaluate the impact of the program on risk attitudes and investment behavior of small-scale rice farmers in relatively poor North-eastern Thailand. To control for self-selection into the scheme, we use propensity score matching. We find that that participation in the program significantly makes farmers less risk-averse, induces higher investments and boosts incomes. Medium-term effects are stronger than short-term effects.
Subjects: 
Income Support
Farm Households
Risk Attitude
Investment
Thailand
JEL: 
D13
H25
I38
Q12
Document Type: 
Working Paper

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