Measuring precautionary wealth using cross-sectional data: the case of farm households

Measuring precautionary wealth using cross-sectional data: the case of farm households

This study models and investigates the presence of precautionary wealth among farm households, something few studies have attempted. Using pooled farm-level data, we find that self-employed farm households accumulate more wealth. Precautionary savings is about 8% of total household wealth. In additi...

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Veröffentlicht in:Review of economics of the household 2013-03, Vol.11 (1), p.131-141
Hauptverfasser: Mishra, Ashok K., Uematsu, Hiroki, Matthew Fannin, J.
Format: Artikel
Sprache:eng
Schlagworte:
Age
Discount rates
Economic analysis
Economic models
Economic statistics
Economic theory
Economics
Economics and Finance
Education
Educational attainment
Expected utility
Family income
Farmers
Farms
Government securities
Households
Hypotheses
Income
Labor Economics
Microeconomics
Money markets
Population Economics
Savings accounts
Social Sciences
Studies
Variables
Wealth
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Beschreibung
Zusammenfassung:This study models and investigates the presence of precautionary wealth among farm households, something few studies have attempted. Using pooled farm-level data, we find that self-employed farm households accumulate more wealth. Precautionary savings is about 8% of total household wealth. In addition, we find that age, education, occupation, and operation size are important factors influencing wealth accumulation by US farm households.
ISSN:1569-5239
1573-7152
DOI:10.1007/s11150-011-9139-0