The role of education in facilitating risk-taking and innovation in agriculture
The impact of education on farmers' attitudes toward endogenous risk (measured using an attitude survey instrument) is estimated with household data from rural Ethiopia. Education of the household head is found to decrease risk-aversion. Next, the effects of education and risk attitudes on technology adoption are estimated. Schooling encourages farmers to adopt innovations, whereas risk-aversion reduces the probability of adoption. Thus, we find that schooling encourages innovation, a potentially risky undertaking, not only directly but also indirectly, through its effect upon attitudes toward risk. To the extent that educated farmers are early innovators and are copied by those with less schooling (as other research on the same data has shown), the reduction of riskaversion not only has private benefits for those with education but also may have externality benefits.
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): 39 (2003)
Issue (Month): 6 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/FJDS20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/FJDS20|
When requesting a correction, please mention this item's handle: RePEc:taf:jdevst:v:39:y:2003:i:6:p:1-22. 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: (Michael McNulty)
If references are entirely missing, you can add them using this form.