Contrasting income shocks with asset shocks: livestock sales in northern Kenya

By John Mcpeak. 2004

186 citations recorded by the source corpus.

Subfields: Management, Monitoring, Policy and Law, Safety Research, Soil Science

View Paper: https://www.semanticscholar.org/paper/1ba68a56b161186f97aab62baff139efcb8370d0

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Citations in the corpus

Global Review of the Economics of Pastoralism (2006, background): “In pastoral areas there is a strong correlation between transaction costs and participation in markets (McPeak, 2002).”
Consumption versus asset smoothing: testing the implications of poverty trap theory in Burkina Faso (2012, background): “As one exception, McPeak (2004) analyzes consumption smoothing among Kenyan pastoralists and formulates an explanation for limited smoothing based on the dynamicmanagement of livestock as a productive asset that produces future income.”
An Ordered Tobit Model of Market Participation: Evidence from Kenya and Ethiopia (2006, unknown): “So long as E[∂g(H t , e t )/∂H t ] > 0 (i.e., expected capital gains in livestock exceed those for other assets), households have an incentive for herd accumulation that will limit their use of livestock to smooth consumption (McPeak 2004).”
Persistent poverty and informal credit (2011, background): “Nevertheless and second, inter-household gifts and loans of cattle are conspicuously limited, as in other societies in semi-arid Africa (Lentz and Barrett, 2004, McPeak, 2004, Kazianga and Udry, 2006, McPeak, 2006).”
Well-Being Dynamics and Poverty Traps (2016, background): “…dynamic equilibria, households just above the MT optimally may engage instead in asset smoothing behavior, preferring instead to destabilize consumption so as to protect productive asset holdings when faced with asset and income shocks (Carter & Lybbert 2012, McPeak 2004, Zimmerman & Carter 2003).”
Poverty Traps and Safety Nets (2006, background): “…the use of asset stocks to buffer consumption against stochastic income, an important subliterature addresses the somewhat more complex problems associated with asset risk among poor populations (Dercon 1998, Carter and May 2001, Zimmerman and Carter 2003, McPeak 2004, Lybbert et al. forthcoming).”
Impacts of the Productive Safety Net Program in Ethiopia on livestock and tree holdings of rural households (2011, background): “However, empirical studies of the role of livestock as an income buffer have been mixed (see Fafchamps et al. 1998; McPeak 2004; Rosenzweig and Wolpin 1993; Udry 1995).”
After the Drought: The Impact of Microinsurance on Consumption Smoothing and Asset Protection (2013, unknown): “Households also experience decreases in current (and future) income flows generated from consumable livestock by-products such as milk (McPeak 2004).”