TY - JOUR
T1 - When Faced with Income and Asset Shocks, Do Poor Rural Households in Vietnam Smooth Food Consumption or Assets?
AU - Nguyen, Giang Thi Hoang
AU - White, Ben
AU - Ma, Chunbo
PY - 2019/9/2
Y1 - 2019/9/2
N2 - Vietnamese rural households are exposed to severe covariate and idiosyncratic shocks. However, these households are remarkably resilient and have steadily increased real income and consumption over the survey period 2006 to 2012. To explain household strategies to cope with shocks we test three theoretical models: the Permanent Income Hypothesis (PIH), Complete Market Hypothesis (CMH), and Asset Smoothing Theory (AST). There is support for AST as households smooth productive assets rather than consumption; and for CMH as households smooth consumption against idiosyncratic, but not covariate shocks. There is no support for PIH.
AB - Vietnamese rural households are exposed to severe covariate and idiosyncratic shocks. However, these households are remarkably resilient and have steadily increased real income and consumption over the survey period 2006 to 2012. To explain household strategies to cope with shocks we test three theoretical models: the Permanent Income Hypothesis (PIH), Complete Market Hypothesis (CMH), and Asset Smoothing Theory (AST). There is support for AST as households smooth productive assets rather than consumption; and for CMH as households smooth consumption against idiosyncratic, but not covariate shocks. There is no support for PIH.
KW - AUSAID
UR - http://www.scopus.com/inward/record.url?scp=85055466106&partnerID=8YFLogxK
U2 - 10.1080/00220388.2018.1528350
DO - 10.1080/00220388.2018.1528350
M3 - Article
AN - SCOPUS:85055466106
SN - 0022-0388
VL - 55
SP - 2008
EP - 2023
JO - Journal of Development Studies
JF - Journal of Development Studies
IS - 9
ER -