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Autor:innen: 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Working Paper No. 723
Verlag: 
University of California, Economics Department, Santa Cruz, CA
Zusammenfassung: 
Why do the poor have so many economic activities? According to one theory the poor do not specialize because relying on one income source is risky. I test the theory by measuring the response of Thai rice farmers to conditional volatility in the international rice price. Households expecting a harvest take on 1 extra activity when the volatility rises by 21 percent. I confirm the decrease in specialization costs households foregone revenue. I find no evidence to back a second theory in which households under-specialize because they cannot afford lumpy business investments.
Schlagwörter: 
risk
specialization
occupation
rice
Thailand
JEL: 
D13
O12
Dokumentart: 
Working Paper

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