Higher-order risk preferences and livelihood choices of farmers from West Bengal, India (Record no. 528888)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01926nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 250128b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Joshi, Kanchan and Ranganathan, Thiagu |
| 245 ## - TITLE STATEMENT | |
| Title | Higher-order risk preferences and livelihood choices of farmers from West Bengal, India |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Journal of Social and Economic Development |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 26(3), Dec, 2024: p.862-887 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper investigates the relationship between livelihood diversification strategies and risk preferences, including risk aversion, loss aversion, and higher-order risk preferences of farmers from West Bengal, India, using multivariate regression (mvreg) and multivariate probit (mvp) models. We use data from lottery choice experiments and household surveys to estimate higher-order risk preferences and analyse the relationship between risk preferences and livelihood diversification (N = 191). We found that many sampled households take up other supplementary income-generating activities besides agriculture and allied activities to spread their risk. Farmers who are risk averse are more likely to receive income from remittances and entrepreneurial activities. Higher prudence is linked with higher income contribution from agricultural activities, but a lower income contribution from migration-related activities and non-migratory casual labour. Temperate individuals are more likely to generate a higher share of income from agriculture-related activities and non-migratory casual labour, but a lower share from remittances. Higher-order risk preferences—prudence and temperance—affect livelihood diversification significantly.- Reproduced https://link.springer.com/article/10.1007/s40847-023-00292-7 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Livelihood diversification, Risk preferences, Prudence, Temperance, Experiments, Indian farmers. |
| 9 (RLIN) | 50442 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Journal of Social and Economic Development |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2025-01-28 | 26(3), Dec, 2024: p.862-887 | AR135083 | 2025-01-28 | Articles |