Conflict and the Nature of Precautionary Wealth
The paper uses a detailed household survey to document precautionary wealth accumulation in Afghanistan, with wealth being significantly higher for households facing higher income uncertainty. Annual household expenditure on nondurable goods is als...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/569411527100270606/Conflict-and-the-nature-of-precautionary-wealth http://hdl.handle.net/10986/29882 |
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okr-10986-298822021-06-08T14:42:46Z Conflict and the Nature of Precautionary Wealth Aghabarari, Leila Rostom, Ahmed Sinha, Rishabh PRECAUTIONARY WEALTH CONFLICT LIVESTOCK JEWELRY HOUSEHOLD PORTFOLIO UNCERTAINTY The paper uses a detailed household survey to document precautionary wealth accumulation in Afghanistan, with wealth being significantly higher for households facing higher income uncertainty. Annual household expenditure on nondurable goods is also lower for these households. There is no significant difference in the wealth response to income uncertainty across high- and low-conflict provinces. However, the constituents of precautionary wealth vary drastically. While households in the low-conflict regions rely almost exclusively on livestock to iron out uncertainty, households in the high-conflict areas also build up a reserve of gold and silver. This shift in household portfolio suggests a more substantial decline in real returns of livestock relative to jewelry in high-conflict provinces. 2018-06-18T19:48:47Z 2018-06-18T19:48:47Z 2018-05-23 Working Paper http://documents.worldbank.org/curated/en/569411527100270606/Conflict-and-the-nature-of-precautionary-wealth http://hdl.handle.net/10986/29882 English Policy Research Working Paper;No. 8453 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper South Asia Afghanistan |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PRECAUTIONARY WEALTH CONFLICT LIVESTOCK JEWELRY HOUSEHOLD PORTFOLIO UNCERTAINTY |
| spellingShingle |
PRECAUTIONARY WEALTH CONFLICT LIVESTOCK JEWELRY HOUSEHOLD PORTFOLIO UNCERTAINTY Aghabarari, Leila Rostom, Ahmed Sinha, Rishabh Conflict and the Nature of Precautionary Wealth |
| geographic_facet |
South Asia Afghanistan |
| relation |
Policy Research Working Paper;No. 8453 |
| description |
The paper uses a detailed household
survey to document precautionary wealth accumulation in
Afghanistan, with wealth being significantly higher for
households facing higher income uncertainty. Annual
household expenditure on nondurable goods is also lower for
these households. There is no significant difference in the
wealth response to income uncertainty across high- and
low-conflict provinces. However, the constituents of
precautionary wealth vary drastically. While households in
the low-conflict regions rely almost exclusively on
livestock to iron out uncertainty, households in the
high-conflict areas also build up a reserve of gold and
silver. This shift in household portfolio suggests a more
substantial decline in real returns of livestock relative to
jewelry in high-conflict provinces. |
| format |
Working Paper |
| author |
Aghabarari, Leila Rostom, Ahmed Sinha, Rishabh |
| author_facet |
Aghabarari, Leila Rostom, Ahmed Sinha, Rishabh |
| author_sort |
Aghabarari, Leila |
| title |
Conflict and the Nature of Precautionary Wealth |
| title_short |
Conflict and the Nature of Precautionary Wealth |
| title_full |
Conflict and the Nature of Precautionary Wealth |
| title_fullStr |
Conflict and the Nature of Precautionary Wealth |
| title_full_unstemmed |
Conflict and the Nature of Precautionary Wealth |
| title_sort |
conflict and the nature of precautionary wealth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/569411527100270606/Conflict-and-the-nature-of-precautionary-wealth http://hdl.handle.net/10986/29882 |
| _version_ |
1764470621961453568 |