Households accumulate wealth as a reserve against unexpected contingencies. The author employ a detailed household survey in Afghanistan to study how non-housing wealth accumulation of households varies with labor income uncertainty. We find that households facing higher income uncertainty accumulate significantly larger quantities of non-housing wealth. Exploiting variation in availability of banks and micro-finance institutions across provinces...
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详细
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2018/06/29
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报告
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128030
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1
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1
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2018/07/06
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Disclosed
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Precautionary wealth and financial access : evidence from Afghanistan