Conflict and the nature of precautionary wealth / Leila Aghabarari, Ahmed Rostom, Rishabh Sinha
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library Archive | Policy research working paper ; 8453Publisher: Washington, D.C. : World Bank Group, Finance, Competitiveness and Innovation Global Practice & Development Research Group, May 2018Description: 1 Online-Ressource (circa 44 Seiten) : IllustrationenSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: Conflict and the Nature of Precautionary Wealth. Druck-Ausgabe Washington, D.C : The World Bank, 2018DOI: DOI: 10.1596/1813-9450-8453Online resources: Summary: The paper uses a detailed household survey to document precautionary wealth accumulation in Afghanistan, with wealth being significantly higher for households facing higher income uncertainty. Annual household expenditure on nondurable goods is also lower for these households. There is no significant difference in the wealth response to income uncertainty across high- and low-conflict provinces. However, the constituents of precautionary wealth vary drastically. While households in the low-conflict regions rely almost exclusively on livestock to iron out uncertainty, households in the high-conflict areas also build up a reserve of gold and silver. This shift in household portfolio suggests a more substantial decline in real returns of livestock relative to jewelry in high-conflict provincesPPN: PPN: 1027333532Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBONo physical items for this record
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