文章基本信息

标题：Income risk and farm consumption behavior
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作者：Chen, Kevin Z. ; Meilke, Karl D. ; Turvey, Calum 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1999
出版社：Food Distribution Research Society
摘要：Using panel data from Illinois grain farmers, a direct test of the relationship between income risk and farm consumption behavior is conducted. The estimation results indicate that income risk significantly affects farm consumption and the results are robust using alternative risk measures. This finding casts doubt on the relevance of the conventional life-cycle permanent income hypothesis, which implies that risk has no effect on consumption. © 1999 Elsevier Science B.V. All rights reserved.
关键词：Income risk;Farm consumption