Portfolio choices and risk preferences in village economies

Pierre Chiappori, Krislert Samphantharak, Sam Schulhofer-Wohl and Robert Townsend

No 706, Working Papers from Federal Reserve Bank of Minneapolis

Abstract: We use a model of optimal portfolio choice to measure heterogeneity in risk aversion among households in Thai villages. There is substantial heterogeneity in risk preferences, positively correlated in most villages with alternative estimates based on a full risk-sharing model.

Keywords: Risk; Thailand (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmwp:706

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