Risk Sharing and Asset Transfers : The Role of Livestock Transfers in Northern Kenya

@inproceedings{McPeak2004RiskSA,
  title={Risk Sharing and Asset Transfers : The Role of Livestock Transfers in Northern Kenya},
  author={John G. McPeak},
  year={2004}
}
Abstract In many low-income, high-risk environments househol ds participate in informal risk sharing institutions involving inter-household tran sfers. This study focuses on: asset transfers and asset risk; the influence of past beh avior on access to transfers; and wealth-differentiated transfer behavior. Panel dat a on livestock transfers in northern Kenya are analyzed. Three explanations of livestoc k ransfers are investigated: ex post insurance; ex ante precautionary savings; and… CONTINUE READING

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