Income risk and farm consumption behavior

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dc.creatorChen, Kevin Z.
dc.creatorMeilke, Karl D.
dc.creatorTurvey, Calum
dc.date2017-04-01T19:33:43Z
dc.date.accessioned2026-07-09T08:11:44Z
dc.descriptionUsing 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.
dc.identifierdoi:10.22004/ag.econ.174965
dc.identifierhttps://ageconsearch.umn.edu/record/174965/files/agec1999v020i002a008.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/174965
dc.identifier.urihttp://hdl.handle.net/123456789/596529
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/174965
dc.titleIncome risk and farm consumption behavior
dc.typeText

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