Income Instability and Consumption - Savings in South Korean Farm Households 1965-1970
Loading...
Date
1978-08
Journal Title
Journal ISSN
Volume Title
Publisher
Ohio State University. Department of Agricultural, Environmental, and Development Economics
Abstract
Paper describes the sources and extent of income instability among a representative sample of South Korean farm households during 1965-70. An index of income instability is included in a consumption function to estimate its effects on savings-consumption behavior. Authors conclude that households studied saved large amounts and that part of this savings was due to unstable income