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Nhan đề: Shocks, individual risk attitude, and vulnerabilityto poverty among rural households in Thailand and Vietnam
Tác giả: Gloede, Oliver
Menkhoff, Lukas
Waibel, Hermann
Từ khoá: Risk attitude
Risk perception
Behavior towards risk
Southeast Asia
Năm xuất bản: Jul-2015
Tùng thư/Số báo cáo: World Development;Volume 71, Page 54–78
Tóm tắt: We examine whether the experience of shocks influences individual risk attitude. We measure risk attitude via a simple survey item, compiled among more than 4,000 households in Thailand and Vietnam. The experience of adverse shocks, which is typical for poor and vulnerable households, is related to a higher degree of risk aversion, even when controlled for a large set of socio-demographic variables. Therefore, shocks perpetuate vulnerability to poverty via their effect on risk attitude. We extend this general finding to various categories of shocks and find differences between Thailand and Vietnam. This suggests that risk-coping strategies profit from case-specific design
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ISSN: 0949-9962
Appears in Collections:Agriculture and rural development

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