Dynamic Savings Decisions in Agricultural Environments With Incomplete Markets
提出一种方法研究发展中国家农村储蓄行为，基于巴基斯坦面板数据发现金融中介显著影响正式储蓄和转移支付用于收入平滑，并指出忽视年内农业生产动态会导致储蓄-收入关系评估偏差。
We develop a methodology for examining savings behavior in rural areas of developing countries that explicitly incorporates the sequential decision process in agriculture. The approach is used to examine the relative importance of alternative forms of savings in the presence and absence of formal financial intermediaries. Our results, based on stage-specific panel data from Pakistan, provide evidence that the presence of financial intermediaries importantly influences the use of formal savings and transfers for income smoothing. We also find that there are significant biases in evaluations of the savings-income relationship that are inattentive to the within-year dynamics of agricultural production.