Heterogeneous Wealth Dynamics: On the Roles of Risk and Ability
收藏NBER2016-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22626
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资源简介：
This paper studies the causal mechanisms behind persistent poverty. Using original data on Boran pastoralists of southern Ethiopia, we find that heterogeneous and nonlinear wealth dynamics arise purely in adverse states of nature. In favorable states, expected herd grow is quasi-linear and universal
提供机构：
美国国家经济研究局
创建时间：
2016-09-01
