Volatility, agricultural risk, and household poverty: micro‐evidence from randomized control trials
基于随机对照试验证据，梳理了家庭事前风险管理理论预测的实证发现，揭示了风险下跨期决策的新谜题，并为政策设计提供启示。
Abstract Households in developing countries are often highly exposed to risk and despite households’ risk strategies negative shocks often result in substantial welfare losses. Given the possibility that weather risks in particular might be further increasing, there is renewed policy attention on improving households’ risk management strategies. This article provides an overview of insights learned from recent randomized control trials on predictions coming out of the theoretical literature on households’ ex ante risk management. It reveals new puzzles and questions regarding households’ inter‐temporal decision making under risk, and draws lessons for effective policy design.