Agricultural Precautionary Wealth

Using panel data, the relationship between income uncertainty and the stock of wealth through precautionary saving is examined. Evidence from Kansas data is consistent with the precautionary saving motive in that farm households facing greater uncertainty in income maintain larger stocks of wealth i...

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Bibliographic Details
Main Authors: Farrell E. Jensen, Rulon D. Pope
Format: Article
Published: Western Agricultural Economics Association 2004-04-01
Series:Journal of Agricultural and Resource Economics
Online Access:

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