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The DOI matches its Crossref record; 34 of the 34 references it cites were found in a registry or an index.

Consumption smoothing? Livestock, insurance and drought in rural Burkina Faso

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Kazianga, Harounan, Udry, Christopher·2006·Journal of Development Economics

Abstract

This paper explores the extent of consumption smoothing between 1981 and 1985 in rural Burkina Faso. In particular, we examine the extent to which livestock, grain storage and interhousehold transfers are used to smooth consumption against income risk. The survey coincided with a period of severe drought, so that the results provide direct evidence on the effectiveness of these various insurance mechanisms when they are the most needed. We find evidence of little consumption smoothing. In particular, there is almost no risk sharing, and households rely almost exclusively on self-insurance in the form of adjustments to grain stocks to smooth out consumption. The outcome, however is far from complete smoothing. Hence the main risk-coping strategies, which are hypothesized in the literature (risk sharing and buffer stock), were not effective during the survey period.

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Cites

Show all 34 references

Research works printed but not linked: 7

  1. Banks, 2001, Risk pooling, precautionary saving and consumption growth, Review of Economic Studies, 68, 757, 10.1111/1467-937X.00189 · doi:10.1111/1467-937x.00189
  2. Blundell, 1997, Savings and labor-market transitions, Journal of Business and Economic Statistics, 15, 153, 10.2307/1392302 · doi:10.2307/1392302
  3. Browning, 1996, Household saving: micro theories and micro facts, Journal of Economic Literature, 34, 1797
  4. Deaton, 1992, Household saving in LDCs: credit, markets, insurance and welfare, Scandinavian Journal of Economics, 94, 253, 10.2307/3440451 · doi:10.2307/3440451
  5. Hoogeveen, 2002, Evidence on informal insurance in rural Zimbabwe, Journal of African Economies, 11, 249, 10.1093/jae/11.2.249 · doi:10.1093/jae/11.2.249
  6. Low, 1999, Self-insurance and unemployment benefit in a life-cycle model of labour supply and savings, vol. 52
  7. Paxson, 1992, Using weather variability to estimate the response of saving to transitory income in Thailand, American Economic Review, 82, 15

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Metadata

Authors
Kazianga, H., & Udry, C.
Venue
Journal of Development Economics
Publisher
Elsevier BV
Published
2006-04
Volume
79
Issue
2
Pages
413-446
ISSN
0304-3878 (ISSN-L)
OpenAlex
W2155385827
Cited by
622
References
34
FWCI
27.98
Type
journal article
Language
en
Open access
green
Licence
www.elsevier.com/tdm/userlicense/1.0/ (tdm)

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CoChat. (2026). Citation check: Consumption smoothing? Livestock, insurance and drought in rural Burkina Faso. https://app.cochat.ai/papers/10.1016/j.jdeveco.2006.01.011
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Kazianga, H., & Udry, C. (2006). Consumption smoothing? Livestock, insurance and drought in rural Burkina Faso. Journal of Development Economics. https://doi.org/10.1016/j.jdeveco.2006.01.011

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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