Risk-aversion has generally been found to decrease in income. This may lead one to expect that poor countries will be more risk-averse than rich countries. Recent comparative findings with students, however, suggest the opposite, giving rise to a risk-income paradox. This paper tests this paradox by measuring the risk preferences of more than 500 household heads spread over the highlands of Ethiopia and finds high degrees of risk tolerance. The paper...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2014/12/01
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Рабочий документ в рамках исследования вопросов политики
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WPS7137
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1of1
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1
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2014/12/01
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Disclosed
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Measuring risk preferences in rural Ethiopia : risk tolerance and exogenous income proxies
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risk preference
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