Household Savings and Portfolio Choices in Developing Countries: The Impact of Ill-Health, Income Uncertainty, and Credit Constraints

发展中国家的家庭储蓄和投资组合选择：健康状况不佳、收入不确定性和信贷限制的影响

• 批准号: 9809281
• 负责人: Anjini Kochar
• 金额: $ 5.25万
• 依托单位: Stanford University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 1998
• 资助国家: 美国
• 起止时间: 1998-08-15 至 1999-07-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9809281&HistoricalAwards=false
• 关键词: Household; Savings; Portfolio; Choices; Developing

9809281 Kochar This research analyzes the determinants of the savings and portfolio decisions of households in developing economies, using household data from rural Pakistan. While there is a body of high quality research on this topic, this project will extend this literature in a number of important dimensions. First, while much of the existing literature focuses on the effects of crop income volatility on savings, this research recognizes that households face several other equally important sources of risk. It will distinguish one such source, the illness of household members, and contrast the effect of ill-health on savings to that of income volatility attributable to other sources. Second, it will develop estimates of the uncertainty in individual incomes and use these to investigate the responsiveness of savings to such uncertainty. Third, it will analyze the role of credit market imperfections in explaining portfolio choices. Finally, it proposes to unify the literature on the economic role of the household with the savings literature, by allowing the determinants of savings to vary across households distinguished by structure. ??

小行星9809281 这项研究分析了发展中经济体家庭储蓄和投资组合决策的决定因素，使用巴基斯坦农村的家庭数据。虽然有一个关于这个主题的高质量的研究机构，这个项目将在一些重要的方面扩展这个文献。首先，虽然现有的文献主要关注作物收入波动对储蓄的影响，但本研究认识到，家庭面临着其他几个同样重要的风险来源。它将区分其中一个来源，即家庭成员的疾病，并将健康不良对储蓄的影响与其他来源造成的收入波动的影响进行对比。其次，它将对个人收入的不确定性进行估计，并利用这些估计来调查储蓄对这种不确定性的反应。第三，它将分析信贷市场不完善在解释投资组合选择中的作用。最后，它建议统一文献的经济作用的家庭与储蓄文献，通过允许储蓄的决定因素不同的家庭结构区分。 ??