Unconditional cash transfers, risk attitudes and modern inputs demand. Benjamin Davis
Unconditional cash transfers, risk attitudes and modern inputs demand
Год выпуска: 2019
Автор произведения: Benjamin Davis
Серия: Прикладная эконометрика. Научные статьи
Жанр: Экономика
Издательство: Синергия
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Краткое описание:
We estimate the effects of cash transfers on modern inputs demand, while isolating the role of output risk and risk preferences in channeling these effects. We use data from an RCT collected for the evaluation of Zambia’s Social Cash Transfer. We employ a moments-based method to estimate farmers’ risk attitudes from revealed preferences through production decisions and the impact of cash transfers on modern input demand. We find that the program increases demand for risk-increasing modern inputs but this does not happen as a result of a transfer-induced reduction in farmers’ risk aversion.