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

Ashok Mishra, Hiroki Uematsu, J. Matthew Fannin

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

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.

Original languageEnglish (US)
Pages (from-to)131-141
Number of pages11
JournalReview of Economics of the Household
Volume11
Issue number1
DOIs
StatePublished - 2013
Externally publishedYes

Fingerprint

farm
savings
occupation
Cross-sectional data
Wealth
Farm households
education
Farm
Wealth accumulation
Education
Precautionary saving
Influencing factors
Household wealth

Keywords

  • Education
  • Farm households
  • Income variability
  • Labor allocation
  • Pooled data
  • Precautionary wealth

ASJC Scopus subject areas

  • Economics and Econometrics
  • Social Sciences (miscellaneous)

Cite this

Measuring precautionary wealth using cross-sectional data : The case of farm households. / Mishra, Ashok; Uematsu, Hiroki; Matthew Fannin, J.

In: Review of Economics of the Household, Vol. 11, No. 1, 2013, p. 131-141.

Research output: Contribution to journalArticle

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