Contrasting income shocks with asset shocks: livestock sales in northern Kenya
The literature on risk management in agrarian economies has predominantly focused on the use of assets to buffer consumption against income shocks. However, households in certain low-income, high-risk environments confront asset as well as income shocks. This study investigates livestock sales behavior in an environment where both income and asset shocks occur. The nature of each type of shock is analyzed, and their respective impact on sales behavior is identified. Results indicate income and asset shocks are positively correlated, but influence sales in an offsetting fashion. This provides a possible explanation for the limited empirical support found by previous studies investigating the role of livestock sales in buffering consumption. Marketing and savings institutions that reduce vulnerability to asset shocks in addition to income shocks offer the potential to reduce household risk exposure. Copyright 2004, Oxford University Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 56 (2004)
Issue (Month): 2 (April)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: https://academic.oup.com/oep
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:56:y:2004:i:2:p:263-284. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.