Income Smoothing and Consumption Smoothing

Morduch, J.
Journal of Economic Perspectives 9(3), Summer 1995, 103-114.

Examines the ways in which farm households in developing countries may self-insure, with a particular emphasis on the idea that farm households may seek to smooth their consumption by altering their methods of production. Quantifying the importance of risk; Consumption smoothing and risk; Income smoothing; Simplicity and complexity in low-income economies.

Wagner Faculty