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@article{ART001329763},
author={Yong-Hwan Noh and 유경원},
title={How does climate variability affect household portfolio decisions?},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2009},
volume={20},
number={1},
pages={107-149}

TY - JOUR
AU - Yong-Hwan Noh
AU - 유경원
TI - How does climate variability affect household portfolio decisions?
JO - Journal of Insurance and Finance
PY - 2009
VL - 20
IS - 1
PB - Korea Insurance Research Institute
SP - 107
EP - 149
SN - 2384-3209
AB - Based on household panel data (1995-2000) in rural China this study presents the empirical evidence that rainfall variability as a proxy for yield risk influences the portfolio composition of a farming household. This paper supports for an allocation toward liquid assets in response to more volatile rainfall variability. It is observed that cash and deposits are important instruments for their precautionary wealth allocation, while it is difficult to find the similar evidence for grain stocks. It may imply that financial instruments have been substituted for conventional physical ones in precautionary portfolio allocation while dramatic institutional changes of the post-reform period have been proceeded in contemporary rural China.
KW - Climate variability;Household;Precautionary portfolio allocation
DO -
UR -
ER -

Yong-Hwan Noh and 유경원. (2009). How does climate variability affect household portfolio decisions?. Journal of Insurance and Finance, 20(1), 107-149.

Yong-Hwan Noh and 유경원. 2009, "How does climate variability affect household portfolio decisions?", Journal of Insurance and Finance, vol.20, no.1 pp.107-149.

Yong-Hwan Noh, 유경원 "How does climate variability affect household portfolio decisions?" Journal of Insurance and Finance 20.1 pp.107-149 (2009) : 107.

Yong-Hwan Noh, 유경원. How does climate variability affect household portfolio decisions?. 2009; 20(1), 107-149.

Yong-Hwan Noh and 유경원. "How does climate variability affect household portfolio decisions?" Journal of Insurance and Finance 20, no.1 (2009) : 107-149.

Yong-Hwan Noh; 유경원. How does climate variability affect household portfolio decisions?. Journal of Insurance and Finance, 20(1), 107-149.

Yong-Hwan Noh; 유경원. How does climate variability affect household portfolio decisions?. Journal of Insurance and Finance. 2009; 20(1) 107-149.

Yong-Hwan Noh, 유경원. How does climate variability affect household portfolio decisions?. 2009; 20(1), 107-149.

Yong-Hwan Noh and 유경원. "How does climate variability affect household portfolio decisions?" Journal of Insurance and Finance 20, no.1 (2009) : 107-149.