Основной контент книги Unconditional cash transfers, risk attitudes and modern inputs demand
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Objętość 19 stron
2019 rok
Unconditional cash transfers, risk attitudes and modern inputs demand
Część serii «Прикладная эконометрика. Научные статьи»
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O książce
We estimate the effects of cash transfers on modern inputs demand, while isolating the role of output risk and risk preferences in channeling these effects. We use data from an RCT collected for the evaluation of Zambia’s Social Cash Transfer. We employ a moments-based method to estimate farmers’ risk attitudes from revealed preferences through production decisions and the impact of cash transfers on modern input demand. We find that the program increases demand for risk-increasing modern inputs but this does not happen as a result of a transfer-induced reduction in farmers’ risk aversion.
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