Income instability and consumption-savings in South Korean farm households, 1965–1970

This paper describes the sources and extent of income instability among a representative sample of South Korean farm households during 1965–1970. An index of income instability is included in a consumption function to estimate its effects on saving-consumption behaviour. Authors conclude that the ho...

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Veröffentlicht in:World development 1981-02, Vol.9 (2), p.183-191
Hauptverfasser: Ro, Y.K., Adams, D.W., Hushak, L.J.
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Adams, D.W.
Hushak, L.J.
description This paper describes the sources and extent of income instability among a representative sample of South Korean farm households during 1965–1970. An index of income instability is included in a consumption function to estimate its effects on saving-consumption behaviour. Authors conclude that the households studied saved large amounts and that part of this saving was due to unstable incomes.
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title Income instability and consumption-savings in South Korean farm households, 1965–1970
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